EURUSD (1.1670): The EURUSD closed bearish on Tuesday after price initially rallied to intraday highs of 1.1730. Price action is seen trading within the highs of 1.1730 and 1.1626 levels. The tight range is expected to push the currency pair toward a breakout eventually. The bias remains to the upside on a successful breakout above 1.1730. To the downside, besides the horizontal support level, the rising trend line is also likely to provide dynamic support.
