EURUSD (1.1290): The EURUSD closed with some modest gains on Tuesday, and the reversal comes following Monday’s declines. However, price action is seen testing the previously breached support level at 1.1315 – 1.1300. Failure to clear this resistance could keep the EURUSD biased to the downside. The resistance area is seen also falling close to the 20-period EMA which could offer further resistance. The common currency will need to clear the falling trend line to confirm the upside.
