EURUSD (1.1629): The EURUSD currency pair was seen trading subdued on Thursday but price action quickly gained momentum into the early Asian trading session today. The rebound off the 1.1540 support is expected to see some upside prevailing in the currency pair. In the near term, the EURUSD currency pair is expected to struggle near the resistance level of 1.1730. A breakout above this resistance is required for price action to test the next main resistance level at 1.1846 – 1.1824. To the downside, as long as the current support holds, we expect the currency pair to either trade sideways or biased to the upside.
