EUR/USD Sees Price Hesitation With Bearish Bias

EUR/USD: With the pair still facing price correction despite its past week price hesitation, more correction is envisaged. Resistance comes in at the 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level.

Further up, resistance lies at the 1.2100 level where a break will expose the 1.2150 level. Conversely, support lies at the 1.1900 level where a violation will aim at the 1.1850 level. A break of here will aim at the 1.1800 level. Below here will open the door for more weakness towards the 1.1750. All in all, EUR/USD faces corrective pullback despite price hesitation.

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