EURUSD (1.2349): The EURUSD was seen edging posting gains on the day as the common currency brushed aside the uncertainty from the Italian elections. Price action was seen recovering back to the familiar resistance level of 1.2365 – 1.2330. A close above this level could potentially signal a shift in the bias to the upside and could also invalidate the bearish flag pattern which is already showing signs of invalidation. To the downside, EURUSD will be seen targeting 1.2260 level followed by a test of the lower support near 1.2090 – 1.2070 region.
