EUR/USD Eyeing Further Price Recovery Higher

FXAssure • by Mohammed Isah

Forex Trades • Mar 2, 2020 at 4:03 AM EST

EUR/USD looks tor move higher following its past week rally. Resistance comes in at the 1.1050 where a break will turn risk to the 1.1100 level.

EUR/USD faces risk of a further move higher following its past week rally. Resistance comes in at the 1.1050 where a break will turn risk to the 1.1100 level. A breach below here will target the 1.1150 level. Further up, resistance stands at 1.1200. Conversely, on the downside, support comes in at 1.1000 with a violation of that opening the door for further gain towards the 1.0950 level. Further down, resistance lies at the 1.0900 level. A cut through that level will clear the way for a move towards the 1.0850 level. All in all, EUR/USD looks for more recovery higher.

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