EURUSD PLAYING THE RANGE TOP
2012
The EURUSD moved higher today to test the top of it's range at 1.2950. The pair could not muster the strength to break above. A hold at this level heading into the end of the week could send the pair lower with risk. Support begins with the weekly low at 1.2835 followed by the 200 day MVA at 1.2820. It would take a push below these levels to test the lows from the last few weeks at 1.28. So you can see that support is stacked between 1.2835/00, but a break would expose September's Fibs. Starting with the .382 fib at 1.2734.
Sup 1.2835/00 .382 Fib 1.2724 .50 fib 1.2602
Res 1.2950
Keane Plan....Watching price action near the top of the range at 1.2950
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