EURUSD (1.1792): The EURUSD currency pair managed to hold steady above the 1.1730 support level with Friday’s price action seen briefly testing this level. A firm retest of this support could potentially signal a near term correction to the upside as the currency pair targets the resistance level at 1.1960 1.1920 region. On the 4-hour chart with price action making a hidden bullish divergence at the mentioned support, we expect to see the upside being confirmed. However, the EURUSD could remain range bound within the levels of 1.1846 – 1.1730 in the near term, with a breakout off this level confirming the next direction in the trend.
