EUR/USD Looks To Recapture The 1. 1026 Support Zone

FXAssure • by Mohammed Isah

Forex Trades • Aug 18, 2019 at 11:16 AM EDT

EUR/USD looks to recapture the 1.1026 support zone as it retains its broader weakness. Support comes in at the 1.1050 where a violation will turn risk to the 1.1000 level.

A break below here will target the 1.1050 level. Further down, support sits at the 1.0950. Conversely, on the upside, resistance resides at the 1.1150 level with a break through there opening the door for further upside towards the 1.1.1200 level.

Further up, resistance comes in at the 1.1250 level where a violation will expose the 1.1300 level. All in all, EUR/USD expects more weakness to occur in the days ahead.

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