EURUSD (1.1803): The EURUSD currency pair stayed weak but price action was confined to Wednesday’s range. The inside bar that was formed on the daily session potentially suggests a near term breakout. There is a possibility that given the weakness, the EURUSD currency pair could breakout to the downside with price action trading close to the lower support level at 1.1730. In the event of an upside breakout, the resistance level near 1.1920 will be seen holding the gains. On the 4-hour chart, the minor resistance level is seen near 1.1846 – 1.1824 which could see some consolidation taking place.
