Thread: EURUSD Looks To Weaken Further On Bear Pressure

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  1. #1
    KaffuPaK
    Guest

    Default EURUSD Looks To Weaken Further On Bear Pressure

    EURUSD: With EURUSD weakening for a fourth week in a row, more downside pressure is expected in the new week. Support lies at the 1.1050 level.
  2. #2
    AilaModo
    Guest

    Default

    Further down, support comes in at the 1.1000 level where a violation will aim at the 1.0950 level. A break of here will target the 1.0900 level.
  3. #3
    Kurtlopy
    Guest

    Default

    Its weekly RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes in at 1.1150 level with a cut through here opening the door for more upside towards the 1.1200 level.
  4. #4
    Chriserar
    Guest

    Default

    Further up, resistance lies at the 1.1250 level where a break will expose the 1.1300 level. All in all, EURUSD remains biased to the downside on more decline.

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