EURUSD (1.1647): The EURUSD currency pair posted strong declines on Thursday. Price action eased back after failing to lift above the resistance level of 1.1745. The declines coincided with 1.1651 region which is currently serving as support. A rebound off this level is required to keep the bias to the upside. The EURUSD currency pair could maintain a sideways range within 1.1745 and 1.1651 level. A breakout from this level is needed to establish the next leg in the trend.
