EURUSD (1.12): The rally in EURUSD yesterday has seen price close near the resistance level of 1.12845 on the daily charts. We could therefore expect to see some declines in the near term but the overall bias remains to the upside based on the strong reversal pattern noted in the past three daily sessions. On the intraday charts, EURUSD could find dynamic resistance at the lower trend line of the price channel above the main support at 1.117. To the upside, resistance comes in at 1.13575 - 1.13350 region. A break above this resistance is required for EURUSD to test the next resistance at 1.15.
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