Contributors Technical Analysis EURUSD – Backs Off Lower Prices, Targets More Upside

EURUSD – Backs Off Lower Prices, Targets More Upside

EURUSD – The pair took back its losses to close higher on Wednesday and opening the door for more strength. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break will expose the 1.2000 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. All in all, EURUSD faces further upside pressure.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version