Contributors Technical Analysis EURUSD Rejects Higher Prices, Weakens

EURUSD Rejects Higher Prices, Weakens

EURUSD rejects higher prices, weakens as it lost upside pressure on Wednesday. Support comes in at the 1.1200 where a violation will turn risk to the 1.1150 level. A break below here will target the 1.1100 level. Further down, support sits at the 1.1050. Conversely, on the upside, resistance resides at 1.1300 level with a break through there opening the door for further upside towards the 1.1350 level. Further up, resistance comes in at the 1.1400 level where a violation will expose the 1.1450 level. All in all, EURUSD continues to threaten further upside pressure on correction.

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