EURUSD Halts Weakness With Upside Pressure

FXAssure • by Mohammed Isah

Forex Trades • Oct 6, 2019 at 11:16 AM EDT

EURUSD exited the week with a halt in price occurring on Friday and more strength is expected in the new week. Support comes in at the 1.0950 where a break will turn risk to the 1.0900 level.

EURUSD exited the week with a halt in price occurring on Friday and more strength is expected in the new week. Support comes in at the 1.0950 where a break will turn risk to the 1.0900 level. A breach below here will target the 1.0850 level.

Further down, support stands at the 1.0800. Conversely, on the upside, resistance comes in at 1.1000 level with a violation of there opening the door for further gain towards the 1.1050 level.

Further up, resistance lies at the 1.1100 level. A cut through that level will clear the way for a move towards the 1.1150 level. All in all, EURUSD expects more gains in the days ahead.

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