EURUSD (1.1906): The EURUSD settled into trading within Friday’s range yesterday but continues to remain trading below the 1.20 handle. On the intraday charts, EURUSD remains supported above the support level of 1.1882 which could keep the currency pair biased to the upside. Another retest to the minor resistance level at 1.1962 could be tested. The common currency remains trading flat at the moment and could see this continue into Thursday’s ECB meeting. A breakout from this range of 1.1962 and 1.1882 could signal the near-term direction in the currency pair. To the upside, 1.2000 resistance will need to be cleared to post further gains, while to the downside, 1.1688 remains the next key support level.
