EURUSD (1.2340): The EURUSD was seen giving up the gains after another test to 1.2385 failing to push prices higher. The euro currency gave up the gains and is seen pushing lower in the near term. The support level at 1.2300 is likely to be the downside target. However, in the medium term, EURUSD could remain range bound within the current price levels. To the downside, a breakdown below 1.2300 could signal further losses.
