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EURUSD: Looks To Strengthen Further On Bull Pressure

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EURUSD: Looks To Strengthen Further On Bull Pressure

Postby FXTechstrategy » Thu Dec 28, 2017 12:23 am

EURUSD: The pair now looks to build up on its bull pressure following its Wednesday higher close. On the upside, resistance comes in at 1.1950 level with a cut through here opening the door for more upside towards the 1.2000 level. Further up, resistance lies at the 1.2050 level where a break will expose the 1.2100 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1850 level where a violation will aim at the 1.1800 level. A break of here will aim at the 1.1750 level. Below here will open the door for more weakness towards the 1.1700. All in all, EURUSD faces further upside pressure

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FXTechstrategy
 
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