EURUSD (1.1697): The euro currency continued to post gains with price action attempting to rebound off the 20-period moving average on the 4-hour session. However, the failure to post higher gains indicates a potential correction in the making. This is also validated by the bearish divergence that is currently formed. The first level of support at 1.1626 could be tested with a potential for the currency pair to fall to 1.1540 in a decline below the initial support.
