EURUSD (1.1764): The EURUSD currency pair was seen extending gains on Friday. Price action rallied briefly to highs of 1.1767 before easing back. With price action trading near the resistance level of 1.1730 we expect to see a near term pull back. The EURUSD currency pair is expected to maintain its range within the levels of 1.1730 – 1.1540. A breakout from this level is only expected to establish the next leg of direction in the currency pair. To the upside, the main resistance level at 1.1960 – 1.1920 is expected to stall the gains with the possibility that the breached resistance at 1.1730 will turn to support.
