At Resistance

We were able to catch the rally late in yesterday's New York session, but now the Euro is struggling to get past resistance at 1.2870. Our indicators are currently mixed so we'll keep a close eye on price movement. A break above 1.2870 will set the stage for another run at 1.2900. With no clear direction on our indicators, we still see a downside risk to the hard support level at 1.2840/50. A break of that support level could open the flood gates to much lower prices.