EURUSD (1.1295): The EURUSD currency pair posted declines with price action seen falling back to the support area of 1.1315 – 1.1300. A brief decline drop this level has seen the common currency clearing the support level. This could potentially expose the lows of 1.2200 that was tested in early November. The declines could stall at this level in the near term as the common currency could establish a new range. If the EURUSD manages to break past the current support area, we expect the sideways consolidation to continue.
