EUR/USD Presses Higher, Pressure Turns On 1.4466 Level
FXTechstrategy Team | Aug 23, 2015 09:04AM ET
EUR/USD: With EUR seeing a strong rally the past week, we envisage more strength in the new. However, note that a consolidation with a pullback may occur. Support lies at the 1.1300 level, where a violation will aim at the 1.1000 level. A break of here will aim at the 1.1250 level, with a turn below that level targeting the 1.1200 level. Conversely, resistance is seen at 1.1450 level, with a cut through here opening the door for more downside towards the 1.1500 level. Further up, resistance lies at the 1.1550 level, where a break will expose the 1.1600 level. All in all, EUR remains biased to the upside on correction.
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