EURUSD Sees Price Back Off, Declines On Correction

FXAssure • by Mohammed Isah

Forex Trades • Aug 2, 2020 at 6:45 PM EDT

EURUSD saw a price pullback on Friday opening the door for more weakness. Resistance comes in at the 1.1800 level with a break turning risk towards the 1.1850 level.

EURUSD saw a price pullback on Friday opening the door for more weakness.

Resistance comes in at the 1.1800 with a break turning risk towards the 1.1850 level. A cut through here will target the 1.1900 level. Further up, resistance stands at the 1.1950.

Conversely, on the downside, support comes in at 1.1750 level with a violation opening the door for further gain towards the 1.1700 level. Further down, resistance lies 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 downside pressure

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