EURUSD (1.1563): The EURUSD currency pair posted strong losses on the day as price action was seen drifting lower to the previous support formed at 1.1577. The break down below this level is expected to see either the currency pair posting further losses, or a potential rebound in the making. Still, unless the EURUSD closes back above the 1.1610 level of support, we expect to see the currency pair staying weak. Near term resistance at 1.1730 is expected to keep the EURUSD currency pair trading sideways.
