Weekend Glance at EUR/USD

Well after some bad employment numbers this week we have climbed within 50 to 60 pips of my target area which I have at the 1.382% fib extension at 1.3477 which also comes in confluence of the mid November resistance. I look for price to react in this area and could reach as high as 1.3500, but clearly will turn over and retest the 1.320/22 area of support. When price reaches this level it will be important and odds are it will break thru to the downside. If we get reaction we could expect a break of the 1.3477 highs. More than likely we will test the 1.297 lows. These are my thoughts for the next couple of weeks let's just see how it plays out?