EURUSD faces risk of further move higher in the new week on correction. Resistance comes in at the 1.0900 where a break will turn risk towards the 1.0950 level. A breach of here will target the 1.1000 level. Further up, resistance stands at the 1.1050. Conversely, on the downside, support comes in at 1.0850 level with a violation opening the door for further gain towards the 1.0800 level. Further down, resistance lies at the 1.0750 level. A cut through that level will clear the way for a move towards the 1.0700 level. All in all, EURUSD looks for more recovery threats
EURUSD Continues To Face Recovery Threats
by Mohammed Isah | May 11th, 2020
GET MORE POWER OVER YOUR TRADING WITH LESS HASSLE
The Award-Winning Analysis Solution for Forex & Commoditidy Traders
Your trading, made easier
RGet 15+ super-easy trade ideas with powerful daily analysis and easy-to-understand strategy eBook
RStay on top of every move with price action to help you make easier, faster, and more accurate trading decisions.
RWhether your strategy is for day trading or swing trading FXTechstrategy analysis fits in seamlessly with no hassles.