EURUSD Sees Corrective Threats, Short Term Forecast!

With EURUSD failing to continue higher through the 1.1860 levels, a short-term resistance has been printed at that level, immediate support comes at the 1.1789 levels, a failure to hold below that the 1.1789 levels on a 4-hour closing basis could mean a return to the 1.1860/1.1879 levels, we might see hesitation but a break above 1.1879 will aim the 1.1836 levels, further upside resistance stands at the 1.1935 levels…

Note that any downside move below 1.1789 is supposed to be contained well by the 1.1675/1.1637 levels…

On the downside, support comes at the 1.1789 levels, below that level sees pullback threats to the 1.1744/1.1.1719 levels, below 1.1719 will aim the 1.1675/1.1637 levels.

Conclusion: The EURUSD continues to face upside threats above the 1.1789 levels with caution, below that level sees pullback threats to the 1.1675/1.1637 levels.

 

MARKET DATA

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