EURUSD (1.1553): The EURUSD currency pair closed on a bearish note on Thursday. The decline came following the rally in the previous days. The common currency closed back at the recently cleared level of 1.1540. With the daily Stochastics printing a bearish divergence, we expect further declines in the near term. For the moment, the EURUSD is likely to maintain its sideways trend within 1.1626 – 1.1540 region. A breakout from this range could trigger further gains or losses.
