EURUSD (1.15063): The EURUSD currency pair touched a fresh two month low yesterday. Price action fell to 1.1435 before recovering off the lows. The common currency managed to close with a doji. Price action briefly touched the support level at 1.1435, but there is scope for a firmer retest to this level. To the upside, the common currency will need to break out above the resistance level of 1.1547 – 1.1525 region. A clear break above this resistance could eventually push the euro toward 1.1718. To the downside, if the support is retested and it fails to hold the declines, we anticipate the euro to fall to 1.1315.
