EURUSD (1.1653): The EURUSD was seen posting modest gains on Friday. The EURUSD remains trading within a range and following the close below the support/resistance level of 1.1686, we expect further declines. The lower support at 1.1540 remains a key level of interest in the near term. Any retracements in the short term could stall back near 1.1686 level where resistance could be established. Any gains can be expected only on a close above 1.1686 which would target the next resistance level at 1.1742.
