EURUSD: With EURUSD continuing to maintain its downside pressure, further downside pressure is likely. Support lies at the 1.1250 level. Further down, support comes in at the 1.1200 level where a violation will aim at the 1.1150 level. A break of here will target the 1.1100 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes in at 1.1350 level with a cut through here opening the door for more upside towards the 1.1400 level. Further up, resistance lies at the 1.1450 level where a break will expose the 1.1500 level. All in all, EURUSD faces a move lower on bear pressure.
Search
New Posts
5 Key Changes for Real Estate Agents in a Changing Market: What You Need to Know
UK Clears Microsoft’s Partnership with Inflection AI: A New Era in AI Collaboration
Pets Drive Homebuying, Renovation Decisions
No Link Between Mobile Phones and Brain Cancer, WHO-Backed Study Says
How Barbie is Giving Fresh Energy to Its Tagline and Catching WNBA Fever
Leave A Comment