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EURUSD Closes Lower On Bear Pressure But With Caution

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EURUSD Closes Lower On Bear Pressure But With Caution

Postby FXTechstrategy » Sun Dec 10, 2017 2:58 pm

EURUSD: The pair weakened further the past week leaving risk of more decline on the cards. 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. 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. Below here will open the door for more weakness towards the 1.1600. All in all, EURUSD faces further downside weakness

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