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EURUSD: Bearish, Resumes Downside Pressure

EURUSD: The pair resumed its weakness on Wednesday leaving risk of more decline on the cards. On the upside, resistance comes in at 1.2200 level with a cut through here opening the door for more upside towards the 1.2250 level. Further up, resistance lies at the 1.2300 level where a break will expose the 1.2350 level. Conversely, support lies at the 1.2100 level where a violation will aim at the 1.2050 level. A break of here will aim at the 1.2000 level. Below here will open the door for more weakness towards the 1.19500. All in all, EURUSD faces further downside threats.

EURUSD: Bearish, Resumes Downside Pressure

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