EURUSD: With EUR backing off higher prices and reversing its Monday gains, further downside is likely in the days ahead. Support comes in at the 1.3624 level where a violation will aim at the 1.3500 level and possibly lower towards the 1.3400 level. We may see bulls come in here and turn the pair higher but further decline if seen will push the pair towards the 1.3400 level. Its daily RSI is bearish and pointing lower supporting this view. On the other hand, the pair will have to retake the 1.2716 level to annul its present downside. Further out, resistance resides at the 1.3811/31 levels where a violation will aim ... (full story)