EURUSD bearish pressure remains valid as it closed lower the past week though with caution. However, with higher close seen on Friday, the risk of further price is likely nearer term. Support lies at the 1.1350 where a violation will aim at the 1.1300 level. A break below here will aim at the 1.1250 level. Further down, support lies at the 1.1200. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance comes in at 1.1450 level with a break through there opening the door for more upside towards the 1.1500 level. Further up, resistance lies at the 1.1550 level where a break will expose the 1.1600 level. All in all, EURUSD continues to face further downside pressure medium term.
