EURUSD (1.1534): The EURUSD currency pair continues to post losses with price action touching down to lows of 1.1533. The declines are likely to persist with the next downside target seen coming in at 1.1500. This would mark a fresh yearly low to this level. However, there is scope for the EURUSD to potentially post a bounce to the upside. With the resistance level at 1.1730 being tested any retracement in price action could be limited to the recent local highs of 1.1638.
