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EURUSD Intraday Analysis

EURUSD (1.1426): The EURUSD currency pair managed to break past the falling trend line on Friday. However, price action closed with a doji with some sharp volatility. This could potentially keep prices choppy as the Euro currency could be either seen extending the momentum to the upside at 1.1435 or the gains could be erased pushing the currency pair lower back to close below the trendline. This would keep price action trading flat for the most part. As long as the lower support at 1.1315 – 1.1300 holds, the EURUSD currency pair will be seen holding a flat price range.

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