EURUSD (1.1423): The Euro currency was seen consolidating near the breakout of the trend line for the most part on Friday. Price action was seen establishing a temporary resistance level near 1.1405 level. As long as this level does not break, the EURUSD could be seen maintaining the pressure to the downside. There is temporary support formed near the previous local low at 1.1335 level. A break down below this level will see the EURUSD testing the next lower support at 1.1273 region.
