EUR/USD Sets Up To Resume Upside Pressure

EUR/USD: The pair continues to retain its upside pressure as more strength is envisaged in the new week. Resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level.

Further up, resistance lies at the 1.1950 level where a break will expose the 1.2000 level. Its weekly RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1750 level where a violation will aim at the 1.1700 level. A break of here will aim at the 1.1650 level. All in all, EUR/USD faces further upside pressure.

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.