EURUSD (1.1572): The EURUSD currency pair extended declines on Monday following through from last Friday’s losses. Price action is seen approaching the support level at 1.1547 – 1.1572 level. A rebound off this support level could stall the declienes temporarily. However, failure to hold the declines could trigger further losses. A break down below the support level could push the euro currency lower to the August lows of 1.1315 region.

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