EURUSD (1.2315): The EURUSD closed on Thursday with a doji and price action is expected to see a possible reversal if the declines can stall around Thursday’s close near 1.2300 region. On the four hour chart, we expect the near term to be biased to the upside. Resistance at 1.2363 is likely to be tested. However, in the event that price action continues to slip below Thursday’s close, we could expect to see further declines pushing the EURUSD lower toward the 1.2180 handle.
