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EURUSD Intraday Analysis

EURUSD (1.1316): The EURUSD currency maintained gains as price action rallied to highs of 1.1327 – 1.1309. With the resistance level likely holding the gains, the common currency could push lower. A retest of the minor support at 1.1256 may establish in the near term. As long as this support holds, the bias remains to the upside, subject to the EURUSD breaking past the resistance level. This will potentially shift the bias to the upside with the next target coming in at 1.1400.

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