HomeContributorsTechnical AnalysisEURUSD Bullish, Risk Continues To Point Higher

EURUSD Bullish, Risk Continues To Point Higher

EURUSD with the pair continuing to retain upside pressure, more strength is likely in the days ahead. Resistance comes in at the 1.1250 where a break will turn risk to the 1.1300 level. A breach below here will target the 1.1350 level. Further up, resistance stands at the 1.1400. Conversely, on the downside, support comes in at 1.1150 level with a violation of there opening the door for further gain towards the 1.1100 level. Further up, resistance lies at the 1.1050 level. A cut through that level will clear the way for a move towards the 1.1000 level. All in all, EURUSD expects more recovery 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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