HomeContributorsTechnical AnalysisEURUSD: Bearish, Targets Further Weakness

EURUSD: Bearish, Targets Further Weakness

EURUSD: With the pair closing further lower on Wednesday, it now looks to weaken further in the days ahead. This exposes its support located at 1.0700 level. Resistance comes in at 1.0800 level with a cut through here opening the door for more upside towards the 1.0850 level. Further up, resistance lies at the 1.0900 level where a break will expose the 1.0950 level. Conversely, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break of here will aim at the 1.0600 level. All in all, EURUSD faces further pullback threats.

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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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