EURUSD (1.1799): The euro lost ground to the US dollar on Friday as price initially posted a 5-day low. However, the EURUSD managed to pull back to close the day at 1.1777. In the near term, EURUSD could be seen attempting to regain the 1.7934 handle which marks a minor support level. A breakout above this level could keep EURUSD range bound. However, price action suggests that any upside gains will be limited in the near term. Support at 1.6350 is quite likely to be the next destination for the EURUSD.
