EURUSD (1.1384): The euro currency managed to rebound to the upside, but price action was stuck within the resistance level that was previously established. A quick reversal was therefore seen at 1.1435 – 1.1462 region. The EURUSD remains trading flat within the resistance level and the lower support level formed at 1.1315 – 1.1300. A breakout from this range is required for the currency pair to mark the next direction in the trend potentially. Further losses could be expected if the EURUSD falls below the support level.
