EURUSD (1.1554): The EURUSD currency pair was seen retreating from Wednesday’s highs earlier this morning. The declines come following price action rallying above the 1.1540 level of resistance. Price action briefly tested the upper resistance at 1.1626 before easing back. As long as 1.1540 now holds out as support, we expect the currency pair to maintain its range within these levels. In the event that the currency pair breaks below 1.1540 support, then we anticipate further losses to push the currency pair lower. The next main support is seen at 1.1366.
