Forex Forum to Share, Discuss, Communicate and Trade Forex

EURUSD Sees Price Hesitation With Bearish Bias

Discuss Technical Analysis for various currency pairs and share your views. You may also like to check our Forex technical analysis and Forex forecast sections.
Image

EURUSD Sees Price Hesitation With Bearish Bias

Postby FXTechstrategy » Sun Sep 24, 2017 2:10 pm

EURUSD: With the pair still facing price correction despite its past week price hesitation, more correction is envisaged. Resistance comes in at 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level. Further up, resistance lies at the 1.2100 level where a break will expose the 1.2150 level. Conversely, support lies at the 1.1900 level where a violation will aim at the 1.1850 level. A break of here will aim at the 1.1800 level. Below here will open the door for more weakness towards the 1.1750. All in all, EURUSD faces corrective pullback despite price hesitation.

Image
FXTechstrategy
 
Posts: 256
Joined: Sat May 14, 2016 4:52 pm

Return to 2+1 = 3 - Technical Analysis Discussions

 

Who is online on Forum

Registered users: Baidu [Spider], Bing [Bot], Google [Bot], Google Adsense [Bot], Gozmit, Sininfinity, Yahoo [Bot]

cron