EURUSD (1.1379): The EURUSD currency pair managed to break out from the falling trend line. A brief decline back to the breakout level saw price action closing with a doji followed by a bullish upside breakout. The price action indicates near-term upside as the EURUSD could be seen testing the resistance level at 1.1435 in the near term. A breakout above 1.14350 is required for price action to continue the upside and potentially shift the trend. Alternately, failure to break the resistance level could allow the EURUSD to maintain its sideways range.
