EURUSD Bearish Eyes On 1.1050 Levels…
The outlook in EURUSD has turned to the downside as long as the pair trades below 1.1125 levels on a daily closing basis. Support comes at 1.1091 levels. Below 1.1091 aims 1.1050 levels. A halt is likely, it may test 1.1091 before attempts to break below 1.1050 levels. Anyway; a cut-through 1.1050 opens 1.1000 levels. The next support comes at 1.0942 levels.
On the upside, resistance comes at 1.1125 levels. Above that level sees recovery threats to 1.1162/1.1213 where another fall is likely…
In conclusion: The EURUSD sees downside threats below 1.1125 levels…
Support: 1.1091, 1.1050, 1.1000, 1.0942
Resistance: 1.1125, 1.1162, 1.1213, 1.2950
Key data/events which may affect EURUSD today:
- U.S Nonfarm Payrolls (Dec) at 13:30 GMT.
- U.S Unemployment Rate (Dec) at 13:30 GMT.
