EURUSD (1.1391): The EURUSD currency consolidated near the minor rising trend line after breaking to the downside. The consolidation could potentially see the bearish trend resuming. The Euro currency could post further declines as it approaches the 1.1273 level of support to the downside. In case the Euro currency posts a reversal, we could expect the price to retest the breached price level of 1.1461 to establish resistance. Either way, the common currency looks to be trading flat once again.

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