HomeContributorsTechnical AnalysisEURUSD Faces Further Bearish Pressure Extension

EURUSD Faces Further Bearish Pressure Extension

EURUSD faces further bearish pressure extension as its eyes more weakness. Support comes in at the 1.1000 where a violation will turn risk to the 1.0950 level. A break below here will target the 1.0900 level. Further down, support sits at the 1.0850. Conversely, on the upside, resistance resides at 1.1100 upside, resistance resides at 1.1100 level with a break through there opening the door for further upside towards the 1.1.1150 level. Further up, resistance comes in at the 1.1200 level where a violation will expose the 1.1250 level. All in all, EURUSD expects more weakness to occur in the days ahead.

FXAssure
FXAssurehttps://www.fxassure.com/
Mohammed Isah is a co-founder, technical strategist and head of research at FXAssure.com. He has been trading and analyzing the foreign exchange market for the past 7 years. He formerly traded stocks before crossing over to the forex market where he worked for FXInstructor LLC as a technical analyst and head of research before Joining FXassure.com.

Featured Analysis

Learn Forex Trading