EUR/USD Weakens, Eyes Support Zone
FXTechstrategy Team | Oct 17, 2017 11:03AM ET
EUR/USD weakened further Tuesday and more decline is seen with eyes on its psycho support at 1.1700. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside toward the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 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. Below here will open the door for more weakness towards the 1.1550. All in all, EUR/USD continues to face further bear threats.
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