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EURUSD - Rejects Lower Level Prices With Eyes On The Upside

EURUSD - The pair closed higher on a correction the past week. This development has left EUR threatening further upside pressure. On the down, support lies at the 1.0950 level where a violation will aim at the 1.0900 level. A break of here will aim at the 1.0850 level. Conversely, on the upside, resistance comes in at 1.1000 level with a cut through here opening the door for more upside towards the 1.1050 level. Further up, resistance lies at the 1.1100 level where a break will expose the 1.1150 level. All in all, EURUSD faces a recovery threat in the new week.

Written by FXTechstrategy | Oct 31 16 01:58 GMT