EURUSD (1.1614): The EURUSD currency pair was seen holding up above the support level of 1.1539 following a brief intraday decline to the support zone. The daily chart is signaling a possible bullish rebound with the Stochastics posting a higher low. The resistance level at 1.1730 is likely to be the upside target for a near term retracement to the losses. On the 4-hour chart, price action is also signaling a possible rebound unless the EURUSD dips lower once again. A close above 1.1610 level could trigger the move to 1.1730 following a move toward the 1.1846 – 1.1824 level of resistance.
