EURUSD (1.2071): The EURUSD managed to erase the intraday losses as the currency pair settled near the previous highs towards the close. Price action briefly tested the highs near 1.2091 before easing back. On the intraday charts, we see the Stochastics posting a bearish divergence. Failure to break out above 1.2091 could signal short term correction in price. The lower support is found at 1.1900 which could be the downside target on a correction in price.
