EURUSD (1.1664): The EURUSD currency pair was trading subdued as it extended modest losses on the day. Price action was contained within the price range established from last Friday. While there was a rebound on the intraday charts off the support level near 1.1610 the gains were limited. Price action will need to clear the highs from Friday in order to extend toward the resistance level of 1.1730. To the downside, we expect the currency pair to remain supported above 1.1610.
