HomeContributorsTechnical AnalysisEURUSD Rallies Sharply, Eyes More Strength

EURUSD Rallies Sharply, Eyes More Strength

EURUSD faces risk of further move higher following its sharp rally on Monday. Resistance stands at the 1.0950 where a break will turn risk towards the 1.1000 level. A breach of here will target the 1.1050 level. Further up, resistance stands at the 1.1100. Conversely, on the downside, support comes in at 1.0850 level with a violation 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 further bull 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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