EUR/USD: Although holding on to its upside offensive, EUR/USD faces pullback threats on loss of momentum at the end of the week. On the downside, support is located at the 1.1200 level and if violated, expect more weakness to happen towards the 1.1150 level. Further down, support lies at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will aim at the 1.1000 level.
On the upside, resistance is comes at 1.1300 level with a cut through here opening the door for more upside towards the 1.1350 level. Further up, resistance lies at the 1.1400 level where a break will expose the 1.1450 level. All in all, EUR/USD faces pullback threats on loss of momentum at the end of the week.
Related Posts
There Are Ways To Buy A Home Without A Mortgage – Here’s How
How Do You Make Financial Decisions: With Emotion Or Logic?
EURUSD Analysis, EURUSD Price Prediction & EURUSD Week Ahead Forecast – Saturday, October 12
XHV, RUNE, REQ: Here’s how you can be tipped off to the week’s winners before they post strong gains
Strong Dollar Hitting European Sales Of Dow Firms
HH
Has Oil’s Problem Been Solved?
Leave A Comment