EUR/USD Pressure Continues To Build Up

EUR/USD faces further upside pressure after closing for the second day in a row on Friday. Resistance comes in at the 1.1850 with a break of that area turning risk towards the 1.1900 level. A move above here will target the 1.1950 level. Further up, resistance stands at 1.2000. On the down, support comes in at 1.1850 level with a violation opening the door for a run at the 1.1800 level. Further down, support is seen at the 1.1750 level. A cut through that level will clear the way for a move towards the 1.1700 level. All in all, EUR/USD looks for more upside pressure in the days ahead.

EURUSD Pressure Continues To Build Up

 

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