EURUSD Eyes Further Bull Pressure Pressure

EURUSD faces the risk of further upside pressure as it halted its bear pressure on Friday opening the door for more gain. On the down, support comes in at 1.2000 level with a violation opening the door for a run at the 1.1950 level.

Further down, support is seen at the 1.1900 level. A cut through that level will clear the way for a move towards the 1.1850 level.

On the upside, resistance stands in at 1.2100 with a break of that area turning risk towards the 1.2150 level. A move above here will target the 1.2200 level.

Further up, resistance stands at 1.2250. All in all, EURUSD looks for more upside pressure in the new week.

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 ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.