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Forex Forum → Market Analysis → EURUSD Targeting Further Bull Pressure, Eyes 1.1960 Zone

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Topic: EURUSD Targeting Further Bull Pressure, Eyes 1.1960 Zone

EURUSD: The pair faces further upside as it looks for more strength. 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. 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 downside threats.

http://www.fxtechstrategy.com/wp-content/uploads/2017/12/EURUSDWeekly.png

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