EURUSD (1.1539): The EURUSD extended declines on Friday as price action is seen testing the 1.1540 level of support. With the ECB’s monetary policy meeting due later this week, the currency pair could ease back and settle into a range ahead of Thursday’s big ticket event. The support at 1.1540 will be crucial as a break down below this level could send the common currency down to 1.1418 support. To the upside, the resistance area of 1.16656 – 1.1626 will need to be breached to post further gains.
