EUR/USD Fizzles Four Times at Key Resistance

 

 

The EURUSD has had resistance at the 1.3654 coming into the trading day and continues to have resistance at the 1.3654 level. The  high did extend to a intraday high of 1.3670 but it was reversed.  The price is now back down on the comment that Germany would not provide debt aid to Greece despite the austerity measures announced today. 

Look for resistance at the 1.3627/32 now.  This is where the 100 and 200 bar MA on the 5 minute chart is found (green and blue line below).