EURUSD Follows Through Lower, Vulnerable

EURUSD pair followed through lower on Tuesday leaving the risk of more weakness on the cards. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level.

EURUSD pair followed through lower on Tuesday leaving the risk of more weakness on the cards. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level.

Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. All in all, EURUSD faces further downside pressure.

 

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