EURUSD Eyeing Further Bull Pressure Short Term

Forex Trades • Mar 9, 2020 at 4:06 AM EDT

EURUSD faces risk of further move higher following second week of price gain in the new week. Resistance comes in at the 1.1350 where a break will turn risk to the 1.1400 level.

EURUSD FXE/UDN faces risk of a further move higher following a second week of price gains, in the new week. Resistance comes in at the 1.1350 where a break will turn risk to the 1.1400 level. A breach above here will target the 1.1450 level. Further up, resistance stands at the 1.1500. Conversely, on the downside, support comes in at 1.1250 level with a violation of same opening the door for further gain towards the 1.1200 level. Further down, resistance lies at the 1.1150 level. A cut through that level will clear the way for a move towards the 1.1100 level. All in all, EURUSD is looking for continued recovery at a higher level.

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