EURUSD (1.1849): The EURUSD closed with a doji yesterday indicating a temporary pause to the rally. Price action remained trading above the support level of of 1.1843 – 1.1822. As long as this support level holds, the euro is expected to remain biased to the upside. Immediate resistance is seen at 1.1920 which could be tested. However, watch for a possible break down of price below the support level, which could potentially keep the euro biased to the downside. A break down below 1.1822 could signal a sideways pattern with lower support at 1.1710 – 1.1688 likely to hold the declines.
