EURUSD (1.1426): The EURUSD currency pair has been trading flat with the resistance level of 1.1461 holding strong. Multiple retests to this level have failed to push prices higher. As a result, price action has consolidated into a potential ascending triangle pattern. If the resistance level breaks, the EURUSD could be on track to post gains toward the 1.1575 level which forms the minimum upside objective in price. Alternately, failure to break past the resistance level could lead to a downside breakout of the trend line. This could send the euro currency lower to retest the support at 1.1273 region.
