EURUSD Risk Continues To Point Higher On Rally

Technical analysis of Forex market

EURUSD with the pair continuing to retain its upside pressure following a rally on Friday, more strength is expected. Resistance comes in at the 1.1200 where a break will turn risk to the 1.1250 level. A breach below here will target the 1.1300 level. Further up, resistance stands at the 1.1350. Conversely, on the downside, support comes in at 1.1100 level with a violation of there opening the door for further gain towards the 1.1050 level. Further up, resistance lies at the 1.1000 level. A cut through that level will clear the way for a move towards the 1.0950 level. All in all, EURUSD expects more strength to occur in the days ahead.