EURUSD (1.1798): The EURUSD managed to close on a bullish note as the common currency was seen pushing to make further gains in the early trading session today. Price action managed to recover most of the declines in the past days as the EURUSD approaches the key resistance level of 1.1822. However, as long as price action is subdued below this resistance level, the bias remains to the downside. Support at 1.1720 will be a key level for the EURUSD. A breakdown below this level could suggest further declines. However, we expect the sideways range to be maintained in the near term.
