EURUSD (1.14): The Single currency continues to retreat off the highs seen on Monday and price action briefly tested the broken resistance for support at 1.15. We could potentially see another leg down and a break into the rising trend line which will see a test of lower support at 1.135 - 1.1335. Price action from here on could possibly move sideways within the resistance and support levels identified. To the downside, a close below 1.13575 - 1.1335 could see EURUSD decline lower and test the previously broken resistance at 1.117 for support. To the upside, a break above 1.15 is needed for further upside gains.
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