EURUSD (1.1733): The EURUSD managed to consolidate near the 1.1800 handle on Friday. Price action remains slightly bullish following the breakout above the 1.1704 resistance level. In the near term, EURUSD might be posting a pullback towards the 1.1704 support level. Establishing support here could keep EURUSD biased to the upside. The next main resistance that could be targeted comes in at 1.1950 region. To the downside, in the event that EURUSD slips below 1.1704 – 1.1672 level and fails to establish support we can expect the downside momentum to push the currency lower towards the 1.1500 support.
