Wed, Oct 05, 2022 @ 15:45 GMT
HomeContributorsTechnical AnalysisEURUSD Risk Points Higher In The Short Term

EURUSD Risk Points Higher In The Short Term

EURUSD faces risk of further move higher in the days ahead. Resistance comes in at the 1.1950 with a break of that area turning risk towards the 1.2000 level. A move above here will target the 1.2050 level. Further up, resistance stands at the 1.2100. On the down, support comes in at 1.1850 level with a violation opening the door for a run at the 1.1800 level. Further down, support is seen at the 1.1750 level. A cut through that level will clear the way for a move towards the 1.1700 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.

Featured Analysis

Learn Forex Trading

Risk-on and Risk-off

Retracement in Forex Trading

Gann Swing Charts