EUR/USD – 1.1166 Euro’s resumption of decline from last week’s 1.1265 high to an 10-day trough of 1.1155 on last week due to USD’s strength after uptrend U.S. consumer confidence suggests downside bias remains, however, as price is likely to remain confined inside recent broad range of 1.1265-1.1135, only below lower level would yield re-test of bottom at 1.1112. On the upside, above 1.1200 would add credence to consolidative outlook and would head back to 1.1225, then later 1.1241/46.