EURUSD (1.1700): The EURUSD currency pair slipped past the 1.1730 level of support to briefly touch down to 1.1672 level before pulling back. Price action remains subdued at the current levels although the EURUSD could be seen attempting to post a reversal in the near term. The 4-hour Stochastics continues to remain the oversold level and a breakout above 1.1730 on a 4-hour basis could potentially signal a move to the upside. Still, price action needs to breakout from the falling price channel to confirm this upside in price.
