EURUSD (1.1543): The EURUSD currency pair was seen easing back, giving up some of the gains on Friday. Price action looks comfortably settled above the recently breached resistance level of 1.1540. If support is established here, we expect the gains to push the EURUSD currency pair higher in the near term. The next main resistance level is seen at 1.1718. However, this can be achieved if the euro can post a strong reversal and break past the previous highs established at 1.1607.
