EURUSD: With EURUSD reversing its Wednesday gains on Thursday, further downside pressure is likely. Support lies at the 1.1350 level. Further down, support comes in at the 1.1300 level where a violation will aim at the 1.1250 level. A break of here will target the 1.1200 level. Conversely, on the upside, resistance comes in at 1.1450 level with a cut through here opening the door for more upside towards the 1.1500 level. Further up, resistance lies at the 1.1550 level where a break will expose the 1.1600 level. Its daily RSI is bearish and pointing lower supporting this view. All in all, EURUSD faces a move lower after reversing its gains on Thursday.
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