EURUSD: Weakens With Eyes On 1.1100 Zone

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FXTechstrategy.com
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FXTechstrategy.com  
EURUSD: The pair remains weak and vulnerable to the downside selling off on Friday and leaving risk lower towards the 1.1100 zone. Support lies at the 1.1050 level. Further down, support lies at the 1.1000 level where a violation will aim at the 1.0950 level. A break of here will aim at the 1.0900 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, on the upside, resistance comes in at 1.1200 level with a cut through here opening the door for more upside towards the 1.1250 level. Further up, resistance lies at the 1.1300 level where a break will expose the 1.1350 level. All in all, EURUSD remains biased to the downside on bear threats.

 


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