It is hard to believe that last Friday the EURUSD is was threatening to break above the descending trend line to the topside around 1.27.  The cross has given back almost four hundred pips during the week.  Most of the decline occurred on Thursday and Friday after the BOE lowered interest and deposit requirements and NFP number came in lower than expected.  Heading into next week we could see a bounce.  The cross similar to the GBPUSD has managed to claw back above key support, which is at 1.2285 for the EURUSD.  With this strong four-hour close buyers may enter the market in Asian trading Monday.   If this level gives there really isn't much below except open air.  The cross would hit daily trend line support around 1.17, but I would not expect a straight move to this level.  If the 1.2285 level is held resistance begins at 1.2405.

Sup   1.2285

Res   1.2405

Plan:  Watch the 1.2285 into the open Sunday.