HomeContributorsTechnical AnalysisEURUSD - Looks To Strengthen Further On Bull Pressure

EURUSD – Looks To Strengthen Further On Bull Pressure

EURUSD – The pair now looks to build up on its bull pressure following its Wednesday higher close. On the upside, resistance comes in at 1.1950 level with a cut through here opening the door for more upside towards the 1.2000 level. Further up, resistance lies at the 1.2050 level where a break will expose the 1.2100 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1850 level where a violation will aim at the 1.1800 level. A break of here will aim at the 1.1750 level. Below here will open the door for more weakness towards the 1.1700. All in all, EURUSD faces further upside pressure.

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