EURUSD (1.1447): The EURUSD currency pair continued to extend gains on Monday. However, price action is seen trading within the resistance level of 1.1435 – 1.1463. Failure to break out from this resistance level could potentially push the common currency lower. We expect the declines to stall near the 20-period EMA on the 4-hour time frame which could act as dynamic support. Overall, the EURUSD currency pair is likely to trade flat below the resistance level.
