EURUSD faces risk of further upside pressure as it halted its bear pressure on Friday opening the door for more gain. On the down, support comes in at 1.2000 level with a violation opening the door for a run at the 1.1950 level. Further down, support is seen at the 1.1900 level. A cut through that level will clear the way for a move towards the 1.1850 level. On the upside, resistance stands in at the 1.2100 with a break of that area turning risk towards the 1.2150 level. A move above here will target the 1.2200 level. Further up, resistance stands at the 1.2250. All in all, EURUSD looks for more upside pressure in the new week.
EURUSD Eyes Further Bull Pressure Pressure
by Mohammed Isah | February 8th, 2021
GET MORE POWER OVER YOUR TRADING WITH LESS HASSLE
The Award-Winning Analysis Solution for Forex & Commoditidy Traders
Your trading, made easier
R
Get 15+ super-easy trade ideas with powerful daily analysis and easy-to-understand strategy eBook
R
Stay on top of every move with price action to help you make easier, faster, and more accurate trading decisions.
R
Whether your strategy is for day trading or swing trading FXTechstrategy analysis fits in seamlessly with no hassles.