EURUSD Puts In Temporary Bottom

Forex Trades • Sep 7, 2020 at 3:24 AM EDT

EURUSD faces the risk of a move higher in the new week as it rejected lower prices on Friday.

Resistance now comes in at the 1.1850 with a break of that area turning risk towards the 1.1900 level. A move above here will target the 1.1950 level.

Further up, resistance stands at the 1.2000. On the down, support comes in at 1.1800 level with a violation opening the door for a run at the 1.1750 level. Further down, support is seen at the 1.1700 level. A cut through that level will clear the way for a move towards the 1.1650 level. All in all, EURUSD looks for more recovery pressure.

Disclaimer:

All the data in this article is for information and educational purposes only. Although the information contained in this article have been compiled or arrived at from sources believed to be reliable, no representation or warranty, expressed or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which the web site and its third party providers incur any responsibility. Please read the full disclaimer and term of use here.

Comments

Back to all articles

More from this Author

EURUSD Eyes Further Bull Pressure Pressure

AUD/USD Threatening Further Downside Pressure

EURUSD Halts Weakness, Further Recovery Expected