EURUSD (1.1678): The EURUSD currency pair was seen closing with a doji pattern following Monday’s reversal of the resistance level near 1.1730. A bearish follow through on the day could potentially push the common currency lower. Price action is seen consolidating around the short-term support/resistance level near 1.1686 region. To the downside, we could expect a decline back to 1.1600 level. A break down below this level could trigger further declines toward 1.1540 region. With the ECB meeting coming up tomorrow, the EURUSD is likely to remain subdued.
