EURUSD: Sees Further Bearish Momentum, resistance 1.1184 !

Forex- EURO 256

The EURUSD continued its bearish momentum, printed resistance at the 1.1184 levels. This development leaves the pair targeting the 1.1128 levels, a halt is likely and a reversal may occur, however, a cut through the 1.1128 levels will suggest a large decline, support comes at the 1.1057 levels, further down, support comes at the 1.0955/1.0909 levels…

On the upside, resistance comes at the 1.1184 levels, a break will turn outlook bullish and build strong pressure on the 1.1216/1.1226 levels, If this resistance is taken out, further upside towards the 1.1291 is very likely…

Conclusion: The EURUSD continues to face downside threats below the 1.1184 levels…

EURUSD-H4_May_27

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