EURUSD (1.1374): The EURUSD currency pair extended declines after failing to hold the dynamic support of the minor rising trend line. The drops could now signal further losses as the common currency is likely to test the 1.1272 level to the downside. The bias remains flat for the moment, but if the lows formed at 1.1272 fails to hold the declines, we could expect to see the bearish trend likely to resume.
