EUR/USD Eyes More Weakness Towards The 11.1000 Zone

EUR/USD looks to decline after selling off on Friday. Resistance comes in at 1.1200 where a break will turn risk to the 1.1150 level. A breach below here will target the 1.1200 level. Further up, resistance stands at the 1.1250. Conversely, on the downside, support comes in at 1.1050 level with a violation of there opening the door for further gain towards the 1.1000 level. Further up, resistance lies at the 1.0900 level. A cut through that level will clear the way for a move towards the 1.0850 level. All in all, EUR/USD looks for more recovery threats to occur.

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