EURUSD (1.1350): The EURUSD currency pair reversed some of the gains. However, price action steadily held to the minor support created at 1.1335. The day’s price action resulted in prices retreating from the intraday highs. Still, with prices steady above the main support level of 1.1327 – 1.1309, we expect to see further gains in the EURUSD. If the intraday high of 1.1365 clears, then the common currency could be seen heading higher targeting 1.1435. To the downside, the support level remains essential as a breakdown below this level could signal declines and invalidate the bullish outlook.
