EURUSD Follows Through Lower, Vulnerable

15 August 2017, 21:10
EURUSD: The pair followed through lower on Tuesday leaving risk of more weakness on the cards. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. All in all, EURUSD faces further downside pressure.

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