HomeContributorsTechnical AnalysisEURUSD Looks To Recapture The 1. 1026 Support Zone

EURUSD Looks To Recapture The 1. 1026 Support Zone

EURUSD looks to recapture the 1.1026 support zone as it retains its broader weakness. Support comes in at the 1.1050 where a violation will turn risk to the 1.1000 level. A break below here will target the 1.1050 level. Further down, support sits at the 1.0950. Conversely, on the upside, resistance resides at 1.1150 level with a break through there opening the door for further upside towards the 1.1.1200 level. Further up, resistance comes in at the 1.1250 level where a violation will expose the 1.1300 level. All in all, EURUSD expects more weakness to occur in the days ahead.

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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.

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