EURUSD (1.1297): The EURUSD currency pair was seen extending the declines on Tuesday. Price action closed below the support area of 1.1327 – 1.1309 before modestly pulling back. The bearish close below the support suggests further declines in store. The lower support at 1.1256 will be the most likely target to the downside. This would keep the common currency range bound within the longer term, while the decline to 1.1256 will see prices retesting the lows from mid-February this year.
