EURUSD (1.1382): The EURUSD currency pair tested the highs of 1.1430 before giving up the gains. The declines in the common currency came as price action touched the previously established resistance level. Overall, the EURUSD remains caught trading in the range. The current declines could be seen retesting the falling trendline in the near term. If price posts a rebound off the falling trend line, we could anticipate a potential breakout from the resistance level if it is followed up by a rally. To the downside, the support at 1.1315 remains in place.
