EURUSD faces risk of further move lower as we look for more decline in the new week. Resistance comes in at the 1.1650 with a break of that area turning risk towards the 1.1700 level. A move above here will target the 1.1750 level. Further up, resistance stands at the 1.1800. On the down, support comes in at 1.1600 level with a violation opening the door for a run at the 1.1550 level. Further down, support is seen at the 1.1500 level. A cut through that level will clear the way for a move towards the 1.1450 level. All in all, EURUSD looks for more downside pressure.

EURUSD Extends Weakness In The Short Term