EUR/USD Faces Recovery Threats On Price Halt
FXTechstrategy Team | Jul 06, 2016 09:35PM ET
EUR/USD: Having EUR/USD halted its weakness to close higher on a rejection candle on Wednesday, further bullishness is envisaged. Support lies at the 1.1050 level. Further down, support comes in at the 1.1000 level where a violation will aim at the 1.0950 level. A break of here will target the 1.0900 level. Conversely, on the upside, resistance comes in at 1.1150 level with a cut through here opening the door for more upside towards the 1.1200 level. Further up, resistance lies at the 1.1250 level where a break will expose the 1.1300 level. All in all, EUR/USD remains biased to the upside on more recovery.
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