EURUSD (1.2362): The euro currency reversed the declines as price was seen pushing higher on the day. The euro gained 0.77% on the day but price action was confined to Wednesday’s range. The bounce in the common currency sent the euro to trade back at the 1.2363 level of resistance which also coincides with a medium term trend line. A reversal at this level is quite likely but overall, the EURUSD is expected to maintain a sideways range within the 1.2363 and 1.2180 levels of resistance and support.
