EURUSD (1.1871): The EURUSD closed with a doji candlestick pattern on the daily session yesterday. Price action was seen consolidating above the 1.1843 – 1.1822 level of support which indicates further upside in price. On the 4-hour chart, the EURUSD is likely to break the consolidation to the upside with the potential bull flag pattern. Immediate resistance at 1.1920 is likely to be the near term upside target in price. Alternately, in the event that EURUSD fails to break higher, we could expect price action to continue trading flat above the support level.
