EURUSD (1.1595): The EURUSD currency pair extended strong declines on the last trading day of the month in September. Price action however pulled back just a few pip shy from the 1.5400 level of support. In the short term, the support level at 1.1547 – 1.1525 remains the next level of interest. A rebound off this level could push the EURUSD to the upside. Resistance is seen at 1.1651 level which could be tested in the near term. Further gains could extend the rally toward the previously breached support area of 1.1745 – 1.1715 where resistance could be formed.
