EURUSD Breaks out of the Range
19
Nov
2012
2012
The EURUSD managed to gather a bit of steam to start the week a broke out of the narrow range that contained it for the majority of last week between 1.2780 and 1.27. A hold above this level favors a move higher towards 1.2885. If the pair falls back below the 1.2780 level the upwards bias would be lower once again. Thge EURO Finance Minister meet in Greece tomorrow and positive result could push the EURO higher in the short term.
Sup 1.2780 1.27
Res 1.2885
Keane Plan....Favoring amove higher as lon as the pair remains above 1.2780.
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