EURUSD (1.2417): The EURUSD continued to post strong gains marking a four consecutive day of gains. price action edged higher on Tuesday as the common currency breached past the resistance level at 1.2363 – 1.2330. The upside breakout above this resistance level could indicate further near term gains as the bearish flag pattern stands invalidated. Price action is close to testing the 1.2443 level of minor resistance to the upside and could settle into the range ahead of Thursday’s ECB meeting.
