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EURUSD: Vulnerable Below The 1.2537 Zone

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EURUSD: Vulnerable Below The 1.2537 Zone

Postby FXTechstrategy » Sun Feb 04, 2018 5:29 pm

EURUSD: The pair closed higher the past week but while trades below its key resistance at 1.2537 there is risk of a correction lower. On the upside, resistance comes in at 1.2500 level with a cut through here opening the door for more upside towards the 1.2550 level. Further up, resistance lies at the 1.2600 level where a break will expose the 1.2650 level. Conversely, support lies at the 1.2400 level where a violation will aim at the 1.2350 level. A break of here will aim at the 1.2300 level. Below here will open the door for more weakness towards the 1.2250. All in all, EURUSD faces further pullback threats.

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FXTechstrategy
 
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