EURUSD Vulnerable But With Recovery Threats

1 December 2019, 20:22
FXTechstrategy.com
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EURUSD with the pair continuing to retain its downside pressure, more decline is expected though with caution of recovery. Resistance comes in at the 1.1050 where a break will turn risk to the 1.1100 level. A breach below here will target the 1.1200 level. Further up, resistance stands at the 1.1250. Conversely, on the downside, support comes in at 1.1000 level with a violation of there opening the door for further gain towards the 1.0950 level. Further up, resistance lies at the 1.0900 level. A cut through that level will clear the way for a move towards the 1.0900 level. All in all, EURUSD expects more weakness in the days ahead
 



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