EURUSD (1.1624): The EURUSD currency pair was seen turning bullish on Friday following the rebound off the support at 1.1540 level. But the daily chart signals a bearish divergence against the previous highs formed at 1.1730. On the 4-hour chart, the EURUSD currency pair was seen closing with a doji pattern alongside a bearish divergence. Therefore, we expect to see some downside price action to prevail. In the near term, the EURUSD currency pair could remain range bound within 1.1626 and 1.1540 levels of resistance and support.
