EURUSD (1.1683): The EURUSD was seen falling to a fresh 10-day low on Friday as price action touched 1.1608 on the day. However, the intraday declines recovered as the currency pair managed to close slightly bullish. Price action was seen closing near 1.1695 on Friday’s close which marks the previously breached support level. A rebound off this level is required in order to confirm the upside in prices. If the EURUSD posts a reversal near this price level we expect to see further declines that could send the common currency falling toward 1.1600 region.
