The EURUSD has pushed higher (Fitch not considering Italy rating action) and approaches the 38.2% of the move down from the Thursday high. That level comes in at 1.3077 and traders will be looking for the level to hold resistance on the first test (target below at 1.3053). A move above, will look toward the 1.31027 level where the 200 hour MA and 50% retracement is found (blue and green lines in the chart above).
The low from Tuesday at the 1.3053 level will be eyed as support now.
