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Forex pairs in this Article » EUR/USD (Barcelona) - William Moore, Technical Markets Strategist for RBS has taken a look at EURUSD from a purely technical perspective.

He writes, "EURUSD JUST fell short of my 1.2876 target yesterday but I'm pleased that the resistance at the level around the 2 previous highs held firm around 1.3020/25 held." He believes that the bias now has quite strong conviction on a new short term range being established between that level and the highs from Monday and Tuesday at 1.3005. He sees the support as coming in the form of the lows around yesterday at 1.2882 and the high of the 7th November at 1.2876. This should be the range into the end of the week and should it be broken to the topside then 1.3137 comes into play. He sees support and resistance at 1.2956/1.2900 and 1.3020/1.3137 respectively.
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