HomeContributorsTechnical AnalysisEURUSD Faces More Consolidation Threats

EURUSD Faces More Consolidation Threats

EURUSD faces risk of further move lower though it now faces consolidation threats. Resistance comes in at the 1.0900 where a break will turn risk to the 1.0950 level. A breach above here will target the 1.1000 level. Further up, resistance stands at the 1.1050. Conversely, on the downside, support comes in at 1.0850 level with a violation of there opening the door for further gain towards the 1.0800 level. Further down, resistance lies at the 1.0750 level. A cut through that level will clear the way for a move towards the 1.0700 level. All in all, EURUSD looks for more downside but consolidation threats.

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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