EURUSD (1.2223): The EURUSD was seen closing on a bearish note yesterday as price action closed below 1.2260 level of support. The break down below this level marks the validation of the bearish flag pattern. We expect to see a measured move to the downside, targeting the lower support at 1.2090 region. In the near term, any rebound in prices will see a retest of the breached support at 12260 where resistance could be established. A move above this level will see EURUSD retesting the major resistance level at 1.2330 region.
: The EURUSD was seen closing on a bearish note yesterday as price action closed below 1.2260 level of support. The break down below this level marks the validation of the bearish flag pattern. We expect to see a measured move to the downside, targeting the lower support at 1.2090 region. In the near term, any rebound in prices will see a retest of the breached support at 12260 where resistance could be established. A move above this level will see EURUSD retesting the major resistance level at 1.2330 region.){kind=link}