EURUSD: With further decline occurring the past week, additional downside pressure is likely in the week. Support is seen at 1.1500 level with a cut through here opening the door for more downside towards the 1.1450 level. Further down, support lies at the 1.1400 level where a break will expose the 1.1350 level.
Below here will pave the way for a move lower towards the 1.1300 level. On the upside, resistance lies at the 1.1650 level where a violation will aim at the 1.1700 level where a break will aim at the 1.1750 level, its psycho level followed by the 1.1800 level. Further out, resistance comes in at the 1.1850 level. All in all, EUR remains biased to the downside in the medium term.
