EUR/USD Continues To Retain Its Broader Downside Pressure

FXAssure • by Mohammed Isah

Forex Trades • Sep 8, 2019 at 2:47 PM EDT

EUR/USD continues to retain its broader downside pressure as it holds on to its broader medium term weakness. Support comes in at the 1.1000 where a break will turn risk to the 1.0950 level.

EUR/USD continues to retain its broader downside pressure as it holds on to its broader medium term weakness. Support comes in at the 1.1000 where a break will turn risk to the 1.0950 level. A breach below here will target the 1.0900 level.

Further down, support stands at the 1.0850. Conversely, on the upside, resistance comes in at 1.1050 level with a violation of there opening the door for further gain towards the 1.1100 level.

Further up, resistance lies at the 1.1150 level. A cut through that level will clear the way for a move towards the 1.1200 level.

All in all, EURUSD expects more weakness in the days ahead

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