EURUSD looks to recover further higher in the new week despite its lower close at the end of the week (see weekly chart). Support comes in at the 1.1200 where a break will aim at the 1.1150 level. A break below here will target the 1.1100 level. Further down, support lies at the 1.1050. On the upside, resistance resides at 1.1400 level with a break through there opening the door for further upside towards the 1.1450 level. Further up, resistance comes in at the 1.1500 level where a violation will expose the 1.1550 level. All in all, EURUSD continues to threaten further downside pressure but with caution. EURUSD looks to recover further higher in the new week Click To Tweet
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