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EURUSD:Vulnerable, Sets Up To Weaken Further

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EURUSD:Vulnerable, Sets Up To Weaken Further

Postby FXTechstrategy » Sun Dec 17, 2017 2:01 pm

EURUSD: The pair closed lower after reversing its earlier gains for the week. On the upside, resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EURUSD faces further downside weakness

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FXTechstrategy
 
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