EURUSD (1.1431): The EURUSD currency pair was seen posting gains on Friday, extending the gains from Thursday. Price action posted a strong rebound off the 1.1339 – 1.1400 level. The breakout from the median line indicates a potential retracement to the upside. Following the breakout above 1.1366, the EURUSD is expected to post a modest decline to form a higher low. This could potentially mark the start of the correction to the upside. The next main resistance is seen at 1.1540 which could be tested in the near term.
