EURUSD (1.1591): The EURUSD currency pair extended losses for a second day as the U.S. Dollar strengthened. Price action is seen pushing lower as the Common Currency is likely to retest the lower support range at 1.1540. While the decline is expected; we expect it to stall somewhere near the support level. The Common Currency is expected to continue maintaining its range within 1.1730 and 1.1540 level in the near term. Any short-term rebound is likely to see a pullback to the 1.1621 level.
