EURUSD backs off lower prices with eyes on 1.1200 resistance as we enter a new week. Support comes in at the 1.1100 where a violation will turn risk
to the 1.1050 level. A break below here will target the 1.1000 level. Further down, support sits at the 1.0950. Conversely, on the
upside, resistance comes in at 1.1200 level with a violation of there opening the door for further gain towards the 1.1250 level.
Further up, resistance lies at the 1.1300 level. A cut through that level will clear the way for a move towards the 1.1350 level.
Its weekly RSI is bullish and pointing higher suggesting more gain. All in all, EURUSD expects more recovery higher in the new week.
