EURUSD: Pressure Builds Down On The 1.0847 levels!

With a sharp sell-off occurring yesterday, further downside is likely towards the 1.0847 levels, a halt is likely and a reversal may occur, however; a cut through the 1.0847 levels will open 1.0815 next, further down, support comes at the 1.0770 levels.

On the upside, immediate resistance comes at the 1.0930 levels, stability below this level will keep the pair under pressure, anyway; a break above the 1.0930 levels will reverse risk to the upside towards the 1.0983/1.1010 levels.If this resistance is taken out, further towards 1.1050 levels will be in sight…

Conclusion: The EURUSD continues to face downside threats below the 1.0930 levels…


EURUSD_Pressure Builds On The 1_0847 levels!