EURUSD (1.1368): The EURUSD currency pair is seen maintaining the consolidation near the current levels. Price briefly broke past the falling trend line only for the gains to be capped near the resistance level of 1.1435. This promptly resulted in the common currency posting declines and falling back below the trend line. The sideways range within 1.1435 – 1.1315 remains in play as a result. We expect the EURUSD to retest the support at 1.1315 once again potentially. A breakout from this level is needed for the currency pair to establish the next direction in the trend.
