EURUSD (1.1931): The EURUSD was seen continuing to trade weaker but with price action trading in the support zone of 1.1960 – 1.1920, we could expect to see a reversal at this level. In the event that price action breaks below this support level, then we expect the declines to push lower toward the next main support level at 1.1730. Alternately, with the Stochastics currently showing a higher low against the lower low in price, we could expect a rebound. This can be confirmed on a daily close above 1.1954 level.
