HomeContributorsTechnical AnalysisEURUSD Looks To Resume Upside Pressure

EURUSD Looks To Resume Upside Pressure

EURUSD faces further upside pressure as it looks to resume its uptrend in the new week. Resistance comes in at the 1.1900 with a break of that area turning risk towards the 1.1950 level. A move above here will target the 1.2000 level. Further up, resistance stands at the 1.2050. On the down, support comes in at 1.1800 level with a violation opening the door for a run at the 1.1750 level. Further down, support is seen at the 1.1700 level. A cut through that level will clear the way for a move towards the 1.1650 level. All in all, EURUSD looks for more upside pressure in the days ahead.

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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