EURUSD (1.1596): The EURUSD fell to the previously established low near 1.1573 on Tuesday, but price action was seen rebounding off this level. We expect the near-term upside to continue but following which we could see another attempt to break past the lows of 1.1573. To the upside, the gains will be likely limited to the short-term resistance level formed at 1.1610 with a breakout above this level pushing EURUSD towards the main resistance area of 1.1710 – 1.1688. Failure to break past the 1.1573 low could potentially invalidate the bearish flag pattern
