EURUSD (1.1360): The EURUSD currency pair was slightly muted to the outcome of the ECB’s decision. Price action, therefore, remains trading flat and near the falling trend line which has managed to hold the gains. In the near term, the EURUSD is expected to retest the lower support at 1.1315 – 1.1300 once again. Failure to break out above the trend line would keep price action trading flat at the current levels. There is a risk that the common currency could break the support which could open the way for further declines to 1.1220.
