EURUSD: Faces Further Bearish Pressure On Sell Off

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 29, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    EURUSD: EUR extended its downside pressure the past week leaving risk of more weakness on the cards. On the downside, support is located at the 1.0900 level and if violated, expect more weakness to happen towards the 1.0850 level. Further down, support lies at the 1.0800 level where a violation will aim at the 1.0750 level. A break of here will aim at the 1.0700 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance is comes at 1.1000 level

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