EUR/USD Downside Pressure Builds Up Towards 1.3000 Zone

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EUR/USD downside pressure builds up towards the 1.3000 zone. This is coming on the back of its pasty week price weakness. Support lies at the 1.1300 level where a violation will aim at the 1.1250 level. A break below here will aim at the 1.1200 level. Further down, support lies at the 1.1150. 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. All in all, EUR/USD continues to face further downside pressure medium term

EUR/USD Downside Pressure Builds Up Towards 1.3000 Zone

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