EURUSD (1.1243): The EURUSD was seen extending the declines strongly on Monday as price action slipped to fresh one year lows of 1.1215. The next lower support is seen at 1.1130 which could be tested in the near term. This would mark a retest of the pending multi-year support region. On the 4-hour chart time frame, the common currency could be seen attempting to rebound to the upside. The previously breached support level at 1.1315 – 1.1300 could act as resistance keeping a lid on the gains.
