EURUSD pullback may find resistance around 1.1700/20

EURUSD has rallied in line wit expectations after printing lows around 1.1610/20 over the last week. The currency trades close to 1.1700 handle for now and is expected to face resistance around 1.1700/20 mark going forward. A push through 1.1720 would open doors for a test of 1.1780 levels before bears take control again. Either way, EURUSD is producing a counter trend rally, which is expected to terminate around soon. Good to sell on rallies as 1.2010 should hold going further.

Remain short, stop @ 1.2010, target is open.

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