EURUSD (1.2019): The EURUSD closed with losses yesterday and price action settled within the range from Tuesday. Price is seen trading just below the 1.2091 level of resistance. On the intraday charts, we see that EURUSD has slipped past the lower median line. We expect to see a retracement as the common currency could be seen paring losses. Another short term rally to the upside, potentially to 1.2091 could eventually complete the rally, as we now expect the currency pair to start posting a correction.
