Search ForexCrunch

EURUSD: Having taken back almost all of its previous week losses to close higher on Friday, EURUSD faces price consolidation risk in the new week. This development if triggered could see trade between the 1.1466 and the 1.0818 range. On the downside, support resides at the 1.0900 zone. A cut through here will open the door for more upside towards the 1.0850 level.

Further down, support lies at the 1.0800 level where a break will expose the 1.0750 level. On the upside, resistance lies at the 1.1000 levels where a violation if seen will aim at the 1.1050 level. A break of here will aim at the 1.1100 level with a turn above that level targeting the 1.1150 level. All in all, , EURUSD faces price consolidation risk in the new week with directional moves on hold.

EURUSD

Our latest podcast is titled The Fed Awakens, and what’s next?

Follow us on Sticher or on iTunes