EURUSD (1.1404): The EURUSD currency pair extended declines quite a bit on Wednesday. The common currency fell to a two month low at 1.1379 as it broke past the previously held support level. On the 4-hour chart, we see the Stochastics pointing to a bullish divergence. Against this backdrop, the Euro could be seen attempting to recover. A close above the recently breached support level of 1.1435 – 1.462 could potentially signal a turnaround in the short term.
