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EURUSD: Follows Through Lower On Correction

EURUSD: With EURUSD following through lower on the back of its previous week losses on Friday, it faces further downside pressure in the days ahead. Support lies at the 1.1250 level. Further down, support comes in at the 1.1200 level where a violation will aim at the 1.1150 level. A break of here will target the 1.1100 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes in at 1.1350 level with a cut through here opening the door for more upside towards the 1.1400 level. Further up, resistance lies at the 1.1450 level where a break will expose the 1.1500 level. All in all, EURUSD remains biased to the downside on further weakness

EURUSD: Follows Through Lower On Correction

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