EURUSD (1.1692): The EURUSD currency pair was seen posting some gains on the day despite the gains being limited. With the U.S. dollar taking a backseat, the common currency managed to test intraday highs near the resistance level of 1.1730. The gradual consolidation is expected to see the EURUSD maintain the range within 1.1730 and 1.1610 levels. A breakout from this level, preferably to the upside could potentially send the currency pair to test the next main resistance at 1.1840. To the downside, the support at 1.1610 – 1.1577 could stall the declines.
