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Forex Stock Exchange Forum » Forex and Stock Trading English Forum » Technical and Fundamental Analysis-Trading Signals » EURUSD Sees Price Hesitation, Vulnerable

EURUSD Sees Price Hesitation, Vulnerable

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1attention EURUSD Sees Price Hesitation, Vulnerable Wed Sep 20, 2017 6:49 pm

FXTechstrategy



EURUSD: With the pair may be biased to upside in the medium term but faces a pullback risk on price hesitation. However, it will have to break and hold above  its key resistance located at the 1.2091 level to prevent a return to the downside. Resistance comes in at 1.2050 level with a cut through here opening the door for more upside towards the 1.2100 level. Further up, resistance lies at the 1.2150 level where a break will expose the 1.2200 level. Conversely, support lies at the 1.1950 level where a violation will aim at the 1.1900 level. A break of here will aim at the 1.1850 level. Below here will open the door for more weakness towards the 1.1800. All in all, EURUSD faces further upside pressure medium term but with caution of a pullback. 

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