EURUSD (1.1456): The EURUSD currency pair extended declines on Monday as price action failed to break past the resistance level of 1.1540. Price action is seen retesting the familiar support area of 1.1450 – 1.1435 level. A break down below this support area will signal further declines as it invalidates the double bottom pattern. However, there is scope for the common currency to maintain the range between the sideways range currently in place.
