EURUSD (1.1641): The EURUSD currency pair was seen trading subdued with price action mostly limited within the range established from Friday. However, early price action in the Asian session is signaling that the currency pair might be inching higher. Still, the main resistance at 1.1730 remains a key level that needs to be breached in order for the euro to target 1.1920 – 1.1955 level. While the bias is slightly shifting to the upside, the 4-hour chart shows the EURUSD posting a bearish flag pattern near the support. A break down below 1.1577 could however signal a continuation to the downside, targeting 1.1394.
