EUR/USD Backs Off Lower Prices, Eyes Upside Pressure

With EUR/USD halting its weakness to close higher on Thursday, a move further higher is seen. Resistance comes in at 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level. Further up, resistance lies at the 1.2100 level where a break will expose the 1.2150 level. Conversely, support lies at the 1.1900 level where a violation will aim at the 1.1850 level. A break of here will aim at the 1.1800 level. Below here will open the door for more weakness towards the 1.1750. All in all, EURUSD faces further upside on corrective recovery.

Daily EUR/USD

This entry was posted in Stocks News and tagged . Bookmark the permalink.
0 0 votes
文章评分
Subscribe
Notify of
guest
0 评论
Inline Feedbacks
View all comments