EUR/USD Weakens Further On Bear Pressure

EUR/USD faces risk of a move lower following its sell off the past week. Resistance comes in at the 1.1000 where a break will turn risk to the 1.1050 level. A breach below here will target the 1.1100 level. Further up, resistance stands at the 1.1150. Conversely, on the downside, support comes in at 1.0900 level with a violation of there opening the door for further gain towards the 1.0850 level. Further down, resistance lies at the 1.0800 level. A cut through that level will clear the way for a move towards the 1.0750 level. All in all, EUR/USD looks for more weakness.



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