EURUSD (1.1674): The EURUSD currency pair was seen posting declines yesterday. Price action fell to a four day low following a reversal off the resistance level. On the 4-hour chart, the close below the previously established support level indicates further declines might be in store. However, the Stochastics oscillator is currently in the oversold level and indicating a hidden bearish divergence. A reversal near the current levels could push the EURUSD back toward testing the next resistance level at 1.1846 – 1.1824.
