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Forex Stock Exchange Forum  » Forex and Stock Trading English Forum » Technical and Fundamental Analysis-Trading Signals » EURUSD: Broader Bias Remains Higher But With Caution

EURUSD: Broader Bias Remains Higher But With Caution

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FXTechstrategy



EURUSD: With the pair still holds on to its broader uptrend despite lower close the past week. 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 1.1800 level where a violation will aim at the 1.1750 level. A break of here will aim at the 1.1700 level. Below here will open the door for more weakness towards the 1.1650. All in all, EURUSD faces further upside pressure though with caution. 
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