EURUSD (1.1768): The EURUSD closed with an indecisive candlestick pattern following the declines off the resistance level at 1.1822. Price action is currently attempting for a bullish day but the risks remain equally balanced. To the downside, the decline to 1.1688 will mark the completion of the descending triangle pattern. Price action was seen falling short of a few pips before the reversal yesterday. Resistance at 1.1822 – 1.1843 remains in focus for another retest to this level. The bias will shift to the upside on a close above this resistance level. In this case, EURUSD could be attempting to push higher with a new range between 1.2058 resistance and the support at 1.1822 – 1.1843 coming into play.
