EURUSD (1.1787): The EURUSD managed to rise to a two day high however the currency pair pulled back despite closing with some gains. Price action remains trading within the range established. Resistance at 1.1843 – 1.1822 is expected to keep the gains in check, while the support at 1.1710 – 1.1688 remains supportive of prices to the downside. The sideways consolidation is expected to continue until the range is breached. To the upside, the breakout above the resistance level could see the EURUSD extend the gains towards 1.1920. To the downside, a breach of support could push EURUSD down to 1.1552.
