EURUSD (1.12): EURUSD's decline to the support zone at 1.117 - 1.1135 looks to be holding the prices for now as we notice a modest recovery taking place. To the upside, the correction could see a test of resistance to 1.113575 - 1.1335 off which a potential decline to the downside with the possibility of a break of support at 1.117 - 1.1135 could be a possibility. To the upside, in the event that resistance at 1.13575 breaks, EURUSD could see a rally that will test the next main resistance at 1.15. With price trading within the rising price channel, the bias is currently mixed until a break above 1.13575, while to the downside a break below the lower trend line of the rising price channel is needed to expect further declines.
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