EURUSD Drops A Hundred Leaving The Triangle

To start the week the EURUSD exited the triangle that had contained it on the 1 hr chart.  The pair dropped as far as 1.2890 before finding a bit of support.  The cross is now sitting just about mid range.  Support begins at 1.2820 and resistance starts at past support at 1.30.  The price action will be key here.  As long as the cross remains below 1.30 the downside is favored.  A break back above this level open the cross up to a move towards 1.3170.

Sup     1.2820                1.2750 (.382 Fib from last move higher)

Res     1.30

Keane Plan....Watching price action at these levels.

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