EURUSD (1.2310): The EURUSD was bearish yesterday with price action extending the declines for the second day. However, the declines pushed the common currency back below the 1.2333 level of support. The sideways range is expected to continue into next week’s FOMC meeting. Uncertainty surrounding Trump’s policies on trade along with the changes in Washington continue to keep the U.S. dollar subdued. The EURUSD is expected to be trading near the 1.2333 level with the declines like to stall near the previously established lower support at 1.2179.
