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EUR/USD Faces Pullback Threats On Loss Of Momentum

Published 02/14/2016, 09:14 AM
Updated 07/09/2023, 06:32 AM

EUR/USD: Although holding on to its upside offensive, EUR/USD faces pullback threats on loss of momentum at the end of the week. On the downside, support is located at the 1.1200 level and if violated, expect more weakness to happen towards the 1.1150 level. Further down, support lies at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will aim at the 1.1000 level. On the upside, resistance is comes at 1.1300 level with a cut through here opening the door for more upside towards the 1.1350 level. Further up, resistance lies at the 1.1400 level where a break will expose the 1.1450 level. All in all, EUR/USD faces pullback threats on loss of momentum at the end of the week

EUR/USD Weekly Chart

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