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EURUSD: Targets More Downside Pressure On Weakness

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 30, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    EURUSD: With the pair capping its strength to sell off on Tuesday, EURUSD targets more downside pressure on weakness. This view remains valid as long as it trades below the 1.1059/1.0991 zone, its key resistance zone. On the downside, support resides at the 1.0900 zone. A cut through here will open the door for more upside towards the 1.0850 level. Further down, support lies at the 1.0800 level where a break will expose the 1.0750 level. Its daily RSI is bearish and pointing lower supporting

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