EURUSD (1.1854): The EURUSD extended declines as price action closed below the support level of 1.1920. The declines below this level indicate further losses that could send the EURUSD lower toward the next main support level at 1.1730. Any rebound in prices are likely to be limited to the previous local highs although the main resistance level at 1.1954 will be a key level that could be tested in the near term. As long as the EURUSD remains below 1.1954, we expect to see the downside momentum prevailing.
