EUR/USD: The pair tumbled lower on Thursday following a loss of upside momentum. This development leaves EUR/USD targeting further downside pressure in the days ahead. Support lies at the 1.1300 level. Further down, support comes in at the 1.1250 level where a violation will aim at the 1.1200 level. A break of here will target the 1.1150 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes in at 1.1400 level with a cut through here opening the door for more upside pressure towards the 1.1450 level. Further up, resistance lies at the 1.1500 level where a break will expose the 1.1550 level. All in all, EUR/USD faces further move lower on weakness.
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