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EUR/USD: Risk Remains To The Downside On Pullback

By FXTechstrategy TeamForexJun 18, 2017 10:38AM ET
www.investing.com/analysis/eurusd:-risk-remains-to-the-downside-on-pullback-200195836
EUR/USD: Risk Remains To The Downside On Pullback
By FXTechstrategy Team   |  Jun 18, 2017 10:38AM ET
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EUR/USD: With the pair continuing to hold on to its downside pressure, further bearishness is likely. Resistance comes in at 1.1150 level with a cut through here opening the door for more upside towards the 1.1200 level.

Further up, resistance lies at the 1.1250 level where a break will expose the 1.1300 level. Conversely, support lies at the 1.1150 level where a violation will aim at the 1.1100 level. A break of here will aim at the 1.1050 level. All in all, EUR/USD faces further downside threats.


EUR/USD Weekly Chart
EUR/USD Weekly Chart

EUR/USD: Risk Remains To The Downside On Pullback
 

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EUR/USD: Risk Remains To The Downside On Pullback

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