The EUR/USD pair continues to hold on to its downside as it looks to extend its correction. On the upside, resistance comes in at the 1.2350 level with a cut through here opening the door for more upside towards the 1.2400 level.

Further up, resistance lies at the 1.2450 level where a break will expose the 1.2500 level. Conversely, support lies at the 1.2250 level where a violation will aim at the 1.2200 level. A break of here will aim at the 1.2150 level. Below here will open the door for more weakness towards the 1.2100. All in all, EUR/USD faces further downside threats.

Print Friendly, PDF & Email

Related Posts