12298 is Closing Support for the Euro

500_Euro_Banknotes

 

The Weekly Bearish Reversal lies at 12298. A closing below that today should signal a new low next week. Keep in mind 12150 is the key Yearly Support. We need a closing below that to signal the Euro will move into meltdown sending capital into the dollar that could make the blast upward in the Dow to the first barrier of resistance.