EURUSD (1.1400): The EURUSD currency pair posted strong gains on Friday and price action eventually closed above the falling trend line. The Euro currency is seen still trading below the resistance level of 1.1435 – 1.1460. Clearing this resistance level is essential for the common currency to target the next resistance level of 1.1547 – 1.1525. To the downside, failure to break the resistance level could keep the Euro trading in a range. The lower support at 1.1315 – 1.1300 is likely to be tested. However, as long as this support holds, the common currency could be looking to push higher.
