The markets where down on Monday but EURUSD still managed to bounce a bit following last Thursday and Friday's decline.  The pair has managed to claw back above support at 1.2285.  As long as the cross remains above this level a push towards 1.24 could be in the cards.  If the EURUSD makes it up to the 1.24 level sellers could re-emerge.  A confirmed break of 1.2285  would initial target trend line support around 1.22.

Sup  1.2285                  1.22

Res  1.24

Keane Insight:  As long as the pair is above. 1.2285 we could see a move up towards 1.24.  Any move to this level could find sellers.


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