EURUSD (1.2379): The EURUSD was seen trading weaker yesterday following Tuesday’s strong gains. Price action remains range bound however but with the euro finding support at 1.2363 level of support, we expect to see price action trading above this price in the near term. The breakout from the falling trend line could potentially keep EURUSD biased to the upside with the potential for the currency pair to target the previous highs at 1.2443. To the downside, a strong close below 1.2330 is required in order to shift the bias to the downside.
