They don’t call it Teflon for nothing. Weekly resistance level 1 now acting as support as the EUR/USD failed a close below 1.3712 Friday. A clear break and close above weekly resistance level 2 at 1.3755 would target resistance level 3 at 1.3825. The bears will have to kick it into gear and get a close below 1.3712 to get any momentum going for a push back to the weekly pivot at 1.3643. Similarly the EUR/GBP is on the rise breaking resistance level 2 at .8425 targeting resistance level 3 at .8477.
