The EURUSD has managed to claw its way back to the top of the descending channel the pair has followed lower over the last few weeks at 1.2970. A hold of this level could lead to another test of daily price support at 1.2885. These levels appear to create a wedge within the channel. If the bottom of the wedge gives at 1.2885 a test of channel support at 1.2840 could play out. If the cross manages to break above the channel and wedge resistance begins at 1.3020.
Sup 1.2885 1.2840
Res 1.2970 1.3020
To Access Today’s Yen Talk, Daily Wake Up Call Videos, Current KEANE TRADES and Private Twitter Feed Click HERE
Non subscribers can have a Free 1-week trial HERE
Keane Plan....Watching the price action at the channel top...Favoring a move lower.