The EURUSD broke a short-term resistance level on Friday. It isn’t what I would consider a significant breakout, though. There is also a ton of overhead resistance due to the choppy price action since late last year. But if Friday’s session did breakout, I’d expect the pair to encounter buying pressure near 1.1210. That area needs to hold this week for the EURUSD to appreciate. If it fails, we could see the single currency slide right back to 1.1110. As for key resistance, I would keep an eye on the 1.1320 area as well as 1.1420. I’m not too interested in the EURUSD, though. The price action so far this year has been ... (full story)