EURUSD Sets Up To Resume Upside Pressure.
FXTechstrategy Team | Aug 13, 2017 10:58AM ET
EUR/USD: The pair continues to retain its upside pressure as more strength is envisaged in the new week.
Resistance comes in at 1.1850 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. Its weekly RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1750 level where a violation will aim at the 1.1700 level. A break of here will aim at the 1.1650 level. All in all, EURUSD faces further upside pressure.
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