EURUSD (1.1650): The common currency was seen falling to intraday lows of 1.1606 before recovering toward the end of the day. The EURUSD closed on a bearish note and the consolidation near the 1.1606 level continues. The main resistance level is seen at 1.1730 and the currency pair is expected to maintain its range within these levels. A breakout above 1.1730 resistance could signal near term gains toward 1.1846 – 1.1824 in the short term.
