EURUSD (1.1807): After retreating from the 1.1800 handle, the EURUSD posted a decline yesterday. However, price action soon reversed the losses in early Asian trading session rallying back to the 1.1800 level. The retracement saw EURUSD briefly attempting to test the resistance level of 1.1843 – 1.1822. With the resistance level holding out, we expect the EURUSD to remain range bound supported above 1.1710 – 1.1688 region. However, with the falling trend line being breached, we expect that an upside breakout in prices.
