EURUSD (1.1651): The EURUSD continued to push higher last week as price briefly tested the resistance level of 1.1674. Price action has since then been pushing lower. In the short term, EURUSD will maintain the sideways range within 1.1674 level of resistance and 1.1573 level of support. The rally to 1.1674 has invalidated the bearish flag pattern, and we expect the price to remain range bound. Further trend can be seen forming on a breakout above or below the mentioned resistance and support levels.
