EURUSD Holds Off Lower Prices, Eyes More Recovery

EURUSD faces risk of further recovery after backing off lower prices the past week. Resistance comes in at the 1.0950 where a break will turn risk towards the 1.1000 level. A breach above here will target the 1.1050 level. Further up, resistance stands at the 1.1100. Conversely, on the downside, support comes in at 1.0900 level with a violation of there opening the door for further gain towards the 1.0850 level. Further down, resistance lies at the 1.0800 level. A break through that level will clear the way for a move towards the 1.0750 level. All in all, EURUSD looks for more upside pressure on correction.