EUR/USD Broader Bias Remains Lower

EUR/USD remains biased to the downside on a further corrective pullback. Support lies at the 1.1250 where a violation will aim at the 1.1200 level.

A break below here will aim at the 1.1150 level. Further down, support lies at the 1.1100 level.

On the upside, resistance resides at 1.1350 level with a break through there opening the door for further upside towards the 1.1400 level. Further up, resistance comes in at the 1.1450 level where a violation will expose the 1.1500 level.

All in all, EURUSD continues to face downside towards key support.

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


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