EURUSD (1.1498): The EURUSD was bearish yesterday as price action fell past the support level of 1.1547 – 1.1525. We expect the declines to push the common currency down to the lower support level at 1.1435. This would mark a retest of this level that was previously established. The declines are most likely to stall at this point following which the EURUSD currency pair could be seen attempting to post a rebound.
