EURUSD (1.1590): The EURUSD currency pair was seen closing on Friday with some modest gains after price action fell to the lows near 1.1539. The recovery in the euro currency is still a bit premature as the currency pair is seen trading near the previous lows. Further gains are required in order for the currency pair to post a convincing bottom. In the event that the support at 1.1610 – 1.1577 fails to hold the recovery, we can anticipate fresh declines in the euro currency below 1.1500 level of support.
