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EUR/USD Threatens Further Upside Pressure Towards 1.1340 Zone

Written by By Dr. Nektarios Michail | 2019-03-13 13:25:38 GMT

EURUSD threatens further upside pressure towards 1.1340 zone. This is coming on the back of its Tuesday gain. Support comes in at the 1.1250 where a break will aim at the 1.1200 level. A break below here will target the 1.1150 level. Further down, support lies at the 1.1100. On the upside, resistance resides at 1.1350 level with a break through there opening the door for further upside towards the 1.1400 level. Further up, resistance comes in at the 1.1450 level where a violation will expose the 1.1500 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD continues to threaten further upside pressure.

EURUSD

 

Interested in EUR/USD technicals? Check out the key levels

    1. R3 1.1378
    2. R2 1.1343
    3. R1 1.1315
  1. PP 1.128
    1. S1 1.1252
    2. S2 1.1217
    3. S3 1.1189

 

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By Dr. Nektarios Michail

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