EURUSD (1.1630): The euro currency fell to a fresh 6-month low on Monday at 1.1607 before slightly pulling back higher. The decline below the 1.1672 level of support is likely to pave way for further declines down to 1.1500. This comes following a brief rebound in prices close to the level of 1.1730 where resistance has been formed following the reversal on Monday. Any scope of a recovery in price action can be expected only on a close above 1.1730 level.
