EURUSD (1.1325): The EURUSD currency is seen maintaining a bearish mode as price action briefly retested the falling trend line only to test the lower support. The consolidation near the lower support area of 1.1315 – 1.1300 signals a potential break down below this level. This could potentially extend the declines in the EURUSD to the lower support at 1.1220 region. The common currency continues to maintain a sideways range in the medium term. This is expected to continue into tomorrow’s ECB meeting.
