EURUSD (1.1311): The euro currency came under pressure on Friday following the dovish comments from ECB’s Couere. The common currency, however, managed to recover from the short term losses and closed flat on the day on Friday. As a result, price action near the bottom has consolidated into a falling wedge pattern. This could indicate an upside breakout in prices. If the common currency manages to break out above 1.1327, we could expect the bullish momentum to push the euro toward 1.1435 level where the resistance level is pending a retest.
