EURUSD (1.1392): The EURUSD fell to fresh lows on Friday, but price action quickly recovered from the sell-off. By Friday’s close, the EURUSD was seen bouncing back. However, the resistance level of 1.1435 is likely to keep a lid on the gains. A strong breakout above this level is needed for the EURUSD to potentially breakout higher. To the downside, the continuing downside momentum could push the common currency lower to 1.1315.
