EURUSD Losses Upside Momentum,Vulnerable to The Downside!

EURO-Dollar-min

The EURUSD maintains a bearish momentum today, printed resistance at the 1.1495 levels. The risk of further downside has been increased, immediate resistance comes at the 1.1450 levels, stability below this level could push the pair further lower, support comes at the 1.1370 levels where a cut will open 1.1335 levels, a halt is likely and reversal may occur, however, a cut through the 1.1290 levels next, with a break below here paving the way towards the 1.1240/1.1205 levels.

On the upside, immediate resistance comes at the 1.1450 levels, a break on a 4-hour closing basis, will recapture main resistance at the 1.1495 levels, a halt is likely, but a break will extend gains towards the 1.1560 levels, further upside resistance comes at the 1.1615 levels.

Conclusion: The EURUSD continues to face downside threats in the short term below 1.1450/1.1495 levels.

 

EURUSD Losses Upside Momentum,Vulnerable to The Downside!

 

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