EURUSD (1.1441): The EURUSD currency pair was seen posting gains on Monday. Although the overall trend remains flat, price action rallied back to the resistance area of 1.1461, retesting the level for the fifth time. As long as the resistance level is not breached, the Euro is expected to remain range bound. On the daily chart, there are signs that price action is maintaining the ascending triangle pattern which indicates a potential upside breakout in prices. The next main target above 1.1461 resistance is 1.1575.
