EURUSD (1.1742): The EURUSD currency pair breached the resistance level of 1.1745 on Friday before easing back. With the resistance level breached, we expect price action to consolidate near this level in the short term. The bias remains to the upside as long as the previous low of 1.1650 is not taken out. We expect the euro currency to run further if support is established near 1.1745 – 1.1718.
