The EURUSD walked a tight line last week. The cross continued that path once again on Monday. The Fib levels from the squeeze higher in the beginning of the month are still providing support levels. The cross bounced twice of the .618 fib at 1.2250 and once of the 50 fib at 1.2290 last week. Heading into Tuesday, daily support begins at 1.2240. This level was last weeks low and a break of this price could expose the 1.2130 level. Resistance begins at the consolidation high at 1.2380 followed closely by 1.2440.

Sup 1.2240

Res 1.2380

Keane Plan: Looking for a break of support or resistance.