Search ForexCrunch

EURUSD: With EUR remaining biased to the upside on recovery, further strength is envisaged. Support lies at the 1.2570 level where a break will expose the 1.2500 level.

Below here will pave the way for a move lower towards the 1.2450 level. If this continues, expect further downside to occur towards the 1.2400 level.

On the upside, resistance lies at the 1.2750 level where a break will aim at the 1.2800 level, its psycho level followed by the 1.2850 level. Further out, resistance comes in at the 1.2900 level. All in all, EUR remains biased to the downside in the medium term.

eurusd