EURUSD (1.1558): The EURUSD currency pair touched the main support level of 1.1540 on Monday, only to rebound slightly. Price action remains subdued at this level with consolidation likely to take place near the support level. The daily Stochastics are currently oversold but further downside momentum could extend on a close below 1.1540. On the 4-hour chart, the strong decline off the 1.1740 level could see a modest correction.
