EURUSD Halts Weakness With Recovery Risk Developing

14 June 2016, 03:45
FXTechstrategy
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EURUSD: The pair halted its weakness to close higher on Monday and left risk of move higher on the cards. Support lies at the 1.1200 level. Further down, support comes in at the 1.1150 level where a violation will aim at the 1.1100 level. A break of here will target the 1.1050 level. Conversely, on the upside, resistance comes in at 1.1350 level with a cut through here opening the door for more upside pressure towards the 1.1400 level. Further up, resistance lies at the 1.1450 level where a break will expose the 1.1500 level. All in all, EURUSD faces further upside pressure on recovery.

 


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