Search ForexCrunch

EURUSD: With EURUSD continuing to maintain its downside pressure, further weakness is envisage in the days ahead. Support lies at the 1.0950 level. Further down, support lies at the 1.0800 level where a violation will aim at the 1.0750 level.

A break of here will aim at the 1.0700 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes in at 1.0950 level with a cut through here opening the door for more upside towards the 1.1000 level. Further up, resistance lies at the 1.1050 level where a break will expose the 1.1100 level. All in all, EURUSD faces further downside pressure on bearishness.

EURUSD

Our latest podcast is titled  Time for Regrets? Referendum and Rates version

Follow us on Sticher or on iTunes