The EURUSD has a full plate this week with economic news and Euro Crisis news on tap. This Thursday should be the boiling point with the ECB rate decision followed by the press conference where it is believed Draghi could announce a bond buying program to stabilize the Debt yields for Spain and Italy. In the meantime the EURUSD continues to trade in a rather narrow range. The pair appears to be in a triangle with the end game in view. The top of the triangle is created by the descending trend line from last October's highs, which is now creating resistance around 1.2610. The bottom of the triangle is currently near 1.2435. A break of either of these level could lead to a measures move in either direction. Currently the pair is sitting on support at 1.2560 a break of this level exposes 1.2480.
Sup 1.2560 1.2480
Keane Plan...Watching Support at 1.2610 for a break or hold.
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