EURUSD (1.1631): The EURUSD currency pair was seen giving up some of the gains made from Friday. However, price action looks to be subdued as the EURUSD was seen briefly testing the support level at 1.1610. As long as this price level holds, the EURUSD can be seen attempting to make another go to the upside. The resistance at 1.1730 remains a key level of interest and a breakout above this level could trigger further gains toward 1.1846 – 1.1824. To the downside, if the EURUSD falls below 1.1610, then we can expect the declines to stall near 1.1577.
