EURUSD (1.1719): The euro was seen extending the gains on Monday against the U.S. dollar. Despite a strong patch of economic releases, the euro managed to rise to intraday highs of 1.1725. Price action has now cleared the support/resistance level of 1.1686. This is expected to keep the bias to the upside. Any dips are likely to stall back near the 1.1686 level. The currency pair is now likely to attempt to rally toward the next main resistance level at 1.1960 – 1.1920 level.
