EURUSD Looks To Recover Further Higher In The New Week

Sourced from: https://www.countingpips.com/2019/03/eurusd-looks-to-recover-further-higher-in-the-new-week/

EURUSD seems to recuperate further greater in the new week despite its lower close at the end of the week (see weekly chart). Support comes in at the 1.1200 where a fracture will aim at the 1.1150 level. A break under here will target the 1.1100 degree. Further down, support is located at the 1.1050. On the upside, resistance resides at 1.1400 level using a break through there opening the door for additional upside towards the 1.1450 degree. Further up, resistance comes in at the 1.1500 level where a breach will show the 1.1550 level. Overall, EURUSD continues to threaten additional downside pressure but with caution.