EURUSD (1.1923): The euro closed with strong gains on Friday marking a four day winning streak. Price action is seen trading close to 1.1950 level, where an unfilled gap from the 22nd of September is likely to be filled. In the near term, EURUSD could potentially correct itself downwards withsupport seen at the 1.1842 – 1.1822 level. Establishing support at this previously established resistance level will signal further increases in the near term. Above 1.1950, EURUSD could be seen aquiring further gains towards the 1.2000 handle. However, failure to establish any near term support could see EURUSD at the risk of correcting downards.
