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FXTechstrategyT

EURUSD: Bearish, Retains Downside Pressure

By FXTechstrategyT, in Technical Analysis

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FXTechstrategyT    0

FXTechstrategyT
Posted

EURUSD: The pair looks to weaken further as it holds on to its downside pressure. On the upside, resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD faces further downside pressure

EURUSDWeekly.png

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