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EURUSD: Eyes Key Support

EURUSD: Outlook for EUR remains to the downside as it eyes its key support located at the 1.0818/00 levels. This development leaves risk lower in the new week though with caution as correction could occur. Support lies at the 1.0750 level where a violation will aim at the 1.0700 level. A break of here will aim at the 1.0650 level with a turn below that level targeting the 1.0600 level. Resistance is seen at 1.0900 level with a cut through here opening the door for more downside towards the 1.1000 level. Further up, resistance lies at the 1.1050 level where a break will expose the 1.1100 level. Conversely, All in all, EUR remains biased to the downside medium term.

EURUSDWeekly

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