EURUSD: The pair closed slightly higher on a rejection candle the past week leaving risk lower in the new week. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Its weekly RSI is pointing higher suggesting more strength. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. All in all, EURUSD faces further corrective downside pressure on price rejection.
Strategy: Sell at 1.1769, Stop loss at 1.1838, Price target at 1.1669 & 1.1620
Strategy: Sell at 1.1769, Stop loss at 1.1838, Price target at 1.1669 & 1.1620