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EUR/USD: Bearish, Targets Further Downside

Published 08/12/2018, 11:00 AM
Updated 07/09/2023, 06:32 AM

EUR/USD: The pair looks to weaken further in the new week following its past week losses. On the upside, resistance comes in at 1.1550 level with a cut through here opening the door for more upside towards the 1.1600 level. Further up, resistance lies at the 1.1650 level where a break will expose the 1.1700 level. Conversely, support lies at the 1.1550 level where a violation will aim at the 1.1500 level. A break of here will aim at the 1.1450 level. Below here will open the door for more weakness towards the 1.1400. All in all, EUR/USD faces further downside pressure


EUR/USD Weekly Chart

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