The EURUSD is walking into the last trading day of the week resting on support at 1.2560.  A hold or break of this level is going to dictate the price action for the remainder of the week.  A hold of this level and a test of the descending trend line that has capped price action since last October at 1.2630 could be in the cards.  A break of support at 1.2560 and a rapid  decline towards 1.25 followed by 1.2440 could play out to end the week.

Sup    1.256o                    1.2500         1.2440

Res    1.2635

Keane Plan…Watching for a break of support at 1.2560.

 

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