HomeContributorsTechnical AnalysisEURUSD Looks To Weaken Further On Bearish Pressure

EURUSD Looks To Weaken Further On Bearish Pressure

EURUSD with the pair closing lower the past week, more decline is expected. Support comes in at the 1.1050 where a break will turn risk to the 1.1000 level. A breach below here will target the 1.0950 level. Further down, support stands at the 1.0900. Conversely, on the upside, resistance comes in at 1.1200 level with a violation of there opening the door for further gain towards the 1.1250 level. Further up, resistance lies at the 1.1300 level. A cut through that level will clear the way for a move towards the 1.1350 level. All in all, EURUSD expects more gain 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.

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