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EUR/USD Retains Bull Bias Despite Price Hesitation

Published 08/20/2017, 11:04 AM
Updated 07/09/2023, 06:32 AM

EUR/USD Retains Bull Bias Despite Price Hesitation


EUR/USD: The pair continues to hold on to its upside pressure though seeing price hesitation the past week. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break will expose the 1.2000 level. 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, EUR/USD faces further upside pressure.


EUR/USD Weekly Chart

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