EURUSD – Under pressure , Support is at 1.3537/1.3461 levels !

EURO-Dollar-min

Although the EURUSD maintained some bullish momentum last week , but the pair has lost some of its upside momentum , support is at the 1.3537 levels, losing this level on a daily closing basis should weaken the current bullish run , next support comes at the 1.3461 levels, to reverse risks to the downside, the pair will have to hold below the 1.3461 levels on a daily closing basis ,If seen , a short term top will be confirmed , next support comes at the 1.3385 levels, further downside will aim the 1.3325 levels where strong rejection is suggested.

On the upside , resistance is at the 1.3645 levels; to resume its upside offensive , the pair will have to hold above the 1.3645 levels on a daily closing basis, If seen, the pair will extend its gains towards the 1.3710 levels where a breach is very likely, above the 1.3710 will aim the 1.3785 levels, further upside will target the 1.3870 levels.

In all , the EURUSD is likely to consolidate with upside bias as long as the 1.3461/1.3537 levels hold on a daily closing basis, below this level will reverse risks to the downside.

Support and resistance levels:  1.2660, 1.2745 , 1.2922 , 1.2992 , 1.3066, 1.3104 (main) , 1.3243 , 1.3324 ,1.3385 , 1.3461 (main), 1.3537 , 1.3645 , 1.3710 , 1.3785 , 1.3870,1.4025, 1.4246

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