EURUSD (1.1925): The EURUSD has been largely muted this week with price action still confined to last Friday’s range. This suggests a near-term breakout in price. To the upside, the minor resistance that was briefly tested last week could once again come into focus. A reversal at 1.1963 suggests a possible decline on a breakdown of support at 1.1882. This will potentially expose further downside in EURUSD towards 1.1688. To the upside, price action will need to break past 1.2000 level in order to maintain the bullish momentum to the upside.
