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EUR/USD

Eur/Usd threatens support 1.3235-40

The pair just traded down to 1.3235. This is the same level of the 61.8% fibo (1.3235) of move down from 1.3283 to 1.3153. Also, the 100 hour M/A lies at 1.3238 for added support.

A break below may bring Eur/Usd to 1.3200, if the pair holds a test of the session high of 1.3261 is in the cards.

EURUSD Gaps Lower But Holds

The EURUSD pair opened the week below the 1.29 handle, however it has held what was trendline resistance and the 21day moving average.

EURUSD Breaks 1.29

On a quick move early in the Nikkei session the EURUSD pair broke below the 1.29 handle momentarily and looks poised to continue lower to end 2011. There is little in the form of technical support for the pair beyond the trending Bollinger Band until the August 2010 lows around the 1.26 handle.

EURUSD makes it to yesterday’s close at 1.3081 and falls back off

As per the prior post (CLICK HERE), the EURUSD has managed to move above the narrowish 4 hour range and make its way to the 1.3081 level. This was the close from yesterday. On queue, the price has wandered back lower off the level.  

The 100 bar MA on the 5 minute chart is at the 1.3070 level and a move below that level should look toward the 1.3062 level. 

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