EURUSD (1.1600): The EURUSD was slightly bullish on Monday but trading was subdued with the U.S. markets closed. Price action, however, was seen resuming the declines earlier on Tuesday. The euro currency briefly tested the resistance level at 1.1626 before reversing the gains below the 20-period moving average. Following the previous low posted at 1.1583, a close below this low could trigger further declines. The euro currency could be seen posting declines to the 1.1540 level of support in the near term.
