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EURUSD: Looks To Pullback Ahead Of Key Resistance

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    EURUSD: With EUR pulling back (see daily chart) ahead of its key resistance following its rally above its declining trendline the past week, EURUSD looks to pullback ahead of key resistance. On the downside, support is located at the 1.1100 level and if violated, expect more weakness to happen towards 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. On the upside, resistance is comes

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