The EURUSD was similar to a Formula One car today.  It started and finished in the same place .  The pair managed the track at a slow pace but still set daily records with new weekly highs and higher lows.  The cross has slugged higher throughout the week at a frustrating slow pace.  The cross is still capped by resistance at 1.2330 and support at the ascending trend line around 1.2225.  If the pair manages to race below the trend line support begins at 1.2150.

Sup       1.2225                     1.2150

Res       1.2330

Plan:  Not in a rush to move anywhere.  Looking for a break of trend line support or resistance.

 

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