The EURUSD appears to have found a level of support heading into tomorrows EU conference.  The 1.2440 level has maintained price action over the last few weeks.  As long as the pair remains above this level my view will be for a push higher.  Over the past few days the cross has moved lower in a downward channel.  If the pair can beak above the top of the channel around 1.2490 we could see a move towards the 1.26 level.

Sup  1.2440

Res  1.2490                   1.26

Summary:  As long as the cross remains above 1.2440 a bounce to 1.26 could be in the cards.



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