Can EUR/USD break 1.35?

Posting a new high of 1.3495 today, the EuroDollar faces stiff resistance at the 1.3495/1.35 level. Across the 1.35, we can see the level 1.3540 and 1.3590 to be cleared.

eu30jan2013

Possible long entry for target 1.3540/1.3590 will be at 1.3265 and perhaps even 1.3120, based on the fibo level. Those would be a good place to look for bear weakness.

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