EURUSD (1.1799): The EURUSD remains trading flat with price action posting some gains yesterday, reaching to 1.1815. The sideways range saw price briefly retesting the breakout level from the ascending triangle pattern. Resistance is seen at 1.1815 – 1.1820 with the potential for an upside breakout. This could send the common currency to test the previous resistance level of 1.1882 with further gains expected on a break above this resistance level. To the downside, a close below yesterday’s low near of 1.1749 could keep EURUSD falling back to retest the support level at 1.1688.
