EURUSD (1.2005): The EURUSD currency pair was seen testing fresh monthly lows on Tuesday. The common currency touched lows of 1.1981 before recovering only modestly. The breakdown below the 1.2090 – 1.2070 level indicates that any near-term gains would be limited to this level where resistance could be established. The 4-hour Stochastics remains in the oversold region which indicates a potential rebound in prices in the near term.
