EUR/USD Bear Pressure Remains Intact, Looks To Weaken Further

EUR/USD bear pressure remains intact as it looks to pressure further lower in the new week. Support comes in at the 1.1200 where a violation will turn risk to  the 1.1150 level. A break below here will target the 1.1100 level.

Further down, support sits at the 1.1050. Its daily RSI remains weak and vulnerable suggesting further weakness.

Conversely, on the upside, resistance resides at the 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. All in all, EUR/USD bear pressure remains intact as it threatens further downside

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