EUR/USD Looks To Weaken Further On Bearish Pressure


EURUSD with the pair closing lower the past week, more decline is expected. Support comes in at the 1.1050 where a break will turn risk to the 1.1000 level. A breach below here will target the 1.0950 level. Further down, support stands at the 1.0900. Conversely, on the upside, resistance comes in at 1.1200 level with a violation of there opening the door for further gain towards the 1.1250 level. Further up, resistance lies at the 1.1300 level. A cut through that level will clear the way for a move towards the 1.1350 level. All in all, EURUSD expects more gain in the days ahead.

 

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