HomeContributorsTechnical AnalysisEURUSD Looks To Weaken Further Short Term

EURUSD Looks To Weaken Further Short Term

EURUSD faces risk of further pullback threats in the days ahead. Resistance comes in at the 1.1300 where a break will turn risk towards the 1.1350 level. A breach of here will target the 1.1400 level. Further up, resistance stands at the 1.1450. Conversely, on the downside, support comes in at 1.1200 level with a violation opening the door for further gain towards the 1.1150 level. Further down, resistance lies at the 1.1100 level. A cut through that level will clear the way for a move towards the 1.1050 level. All in all, EURUSD looks for more bear threats on pullback.

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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