EUR/USD has been acting well since this morning. The 1.3245 level that we looked at today seems to be the target heading into Wednesday morning in Tokyo. But first, the symmetrical resistance at the current intra-day high of 1.3215, as compared to the previous upmove originating on December 8, needs to be broken.  Should it get through 1.3215, 1.3245 is all but assured. I showed you the .786 retracement at 1.3240 this morning, and added .618 retracement at 1.3245, and daily R1 at 1.3247 tonight for a stronger case of resistance. I am offering a half position at 1.3245 with 20 point stops. Take profit on partials will be a re-test of the New York highs at 1.3215. Brings your stops to cost if you're done at 1.3215.

Daily and Weekly Pivot Points

Todd Gordon is a Technical Currency Strategist and Fund Trader with GAIN Capital Group.

Disclaimer
The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.