EURUSD (1.2111): The EURUSD currency pair posted strong losses on the day after price action failed to find support at 1.2180 level. The breakdown below this level signaled a decline with the EURUSD now seen trading close to the lower support level at 1.2090. We expect to see some consolidation at this level and could potentially mark a short term reversal. The short term correction could see the EURUSD test the 1.2180 level where resistance could be established.
