EURUSD (1.1351): The EURUSD currency pair was bearish on Friday as price action was seen giving up the gains made from the previous days. The euro fell back to the support area of 1.1315 – 1.1300 level. With price back at the familiar support level, the common currency could be seen attempting to post another reversal off this level. With the resistance level at 1.1435 not being tested recently, we could expect this to be the upside target. If the EURUSD slips below the support level, then the common currency can extend declines down to 1.1220 level.
