EURUSD (1.1306): The Euro currency was seen trending lower on Friday as the USD posted strong gains. Price action briefly broke past the support level at 1.1315 – 1.1300 only to recover those losses by Friday’s close. With the support being breached, the EURUSD is likely to push lower. The previously held lows near 1.12200 remains a key target of interest to the downside. To the upside, a close above the falling trend line will see some upside momentum building up. However, the resistance near 1.1435 remains another key challenge for the Euro.
