Some updated analysis for Monday the 17th of December 2012
If buyers manage to break this weeks high at 1.3187 we should see a nice rally on EUR/USD.
----Spelling mistake on the red text at the top. I mean't to write 'short reversal'.---- ----Please note this is analysis, not a trade recommendation. I am not entering a trade here.---- ----I am not saying price won't fall. I am just pointing out support and letting you know sellers MAY struggle to break through.----