FOREXCOM:EURUSD   Euro / U.S. Dollar
EURUSD continues to consolidate within a rising wedge pattern, and the price action suggests a modest upside in the making. Price is likely to test 1.1260 – 1.1245 where resistance could be forming. This near-term upside is also validated by the doji close that has formed. Following a retest, a reversal from this resistance level could keep the EURUSD biased to the downside.

The support at 1.1100 followed by 1.1000 is most likely to be tested in the near term.
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