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EURUSD: Bearish, Broader Bias Remains Lower

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EURUSD: Bearish, Broader Bias Remains Lower

Postby FXTechstrategy » Wed Apr 12, 2017 12:39 pm

EURUSD: With the pair remaining weak and vulnerable despite its price hesitation on Tuesday, more weakness is envisaged. Resistance comes in at 1.0650 level with a cut through here opening the door for more upside towards the 1.0700 level. Further up, resistance lies at the 1.0750 level where a break will expose the 1.0800 level. Conversely, support lies at the 1.0550 level where a violation will aim at the 1.0500 level. A break of here will aim at the 1.0450 level. All in all, EURUSD faces further bear threats in the days ahead.

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