EURUSD (1.1459): The euro continued to extend the declines. Price action was seen trading near the lower support at 1.1435 – 1.1462 level. We expect to see some consolidation taking place at this level. As long as this support holds, the common currency could be seen trading within a range. In the event that the EURUSD breaks below this support, we expect a retest of 1.1400.
