EURUSD Faces Risk Of Medium Term Trend Resumption

EURUSD faces risk of medium term trend resumption following its price reversal on Friday. Support lies at the 1.1300 where a violation if seen will aim at the 1.1250 level. A break below here will aim at the 1.1200 level. Further down, support comes in at the 1.1150. On the upside, resistance resides at 1.1400 level with a break through there opening the door for further upside towards the 1.1450 level. Further up, resistance comes in at the 1.1500 level where a violation will expose the 1.1550 level. All in all, EURUSD continues to threaten further bear pressure

 

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