HomeContributorsTechnical AnalysisEURUSD Holds Off Lower Prices, Eyes More Recovery

EURUSD Holds Off Lower Prices, Eyes More Recovery

EURUSD faces risk of further recovery after backing off lower prices the past week. Resistance comes in at the 1.0950 where a break will turn risk towards the 1.1000 level. A breach above here will target the 1.1050 level. Further up, resistance stands at the 1.1100. Conversely, on the downside, support comes in at 1.0900 level with a violation of there opening the door for further gain towards the 1.0850 level. Further down, resistance lies at the 1.0800 level. A break through that level will clear the way for a move towards the 1.0750 level. All in all, EURUSD looks for more upside pressure on correction.

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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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