EURUSD (1.1294): The EURUSD currency pair advanced on Monday to test the previously established resistance level at 1.1327. Price action was seen easing back after testing this level. While the currency pair remains range-bound within 1.1327 and 1.1256, a breakout from this level could trigger the next direction in the trend. The bias remains to the upside at the moment. However, if the euro slips further, we could expect to see price retesting the lower support at 1.1256. To the upside, a breakout above 1.1327 could signal further gains that could test the next main resistance at 1.1437.
