The news flow out of Europe was rather slow last week.  Draghi remained out of the spotlight most of the week as the Germain Bundsbank and Merkel questioned ECB bond purchases as a viable plan.  The pair did manage to slip below strong channel support at 1.2330 to create weekly low below at 1.2240.  Currently the pair is sitting midrange  Price action at support and resistance level should dictate early week moves.

 

Sup   1.2240

Res   1.2330

Keane Insight:  Waitinf for a break or hold at sup and res levels.

For more details regarding current trades and trading plans Check here http://wp.me/P2pFeJ-1IT  .

Take a look the first week is free,  once you see it you wont be able to look away.