OANDA:EURUSD   Euro / USA-dollar
The euro spent most of the week falling, but on Thursday and Friday turned around to show signs of strength. The question now in my mind is whether or not we can break out to the upside. The 1.1375 level has been significant resistance previously, so I think if we can break above there it is very likely that the euro will continue to go higher, perhaps reaching towards the 1.15 handle. Otherwise, this is a market that could turn around and fall for the week, as the 1.1225 level underneath continues to be significant support. We will either break out to the upside, or we simply grind away like we have been doing over the last several months.
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