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EURUSD: Bullish With Eyes On Key Resistance

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EURUSD: Bullish With Eyes On Key Resistance

Postby FXTechstrategy » Sun Mar 26, 2017 12:31 pm

EURUSD: With the pair closing higher the past week, it now leaves risk of more strength on the upside. On the upside, resistance comes in at 1.0850 level with a cut through here opening the door for more upside towards the 1.0900 level. Further up, resistance lies at the 1.0950 level where a break will expose the 1.1000 level. Its daily RSI is bullish and pointing lower suggesting further weakness. Conversely, support lies at the 1.0750 level where a violation will aim at the 1.0700 level. A break of here will aim at the 1.0650 level. All in all, EURUSD faces further recovery threats.

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FXTechstrategy
 
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