EURUSD: Roadblock Ahead!EURUSD reached an hourly resistance as seen on the chart. Based on our technical projection the price is expected to re-test 1.1575 before correcting higher, possibly taking out the initial resistance (in blue).
Only a firm break (hourly close) above the initial resistance (in blue) ma pave the way for strong gains towards the latter resistance (in green).
Forextradingsignals
EURUSD NeutralEURUSD pair has reached consolidation zone. Further downside momentum is viewed as taking a pause at key support zone 1.17606. Further daily close below this level will bring key cluster support zone @ 1.5540/1.5512 into focus. Further breach below the latter zone will open up 1.13246 support as next potential target.
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EURUSD upside momentum on tether's endwww.tradingview.com
EURUSD downward pressure is intensifying. However 4 hour candle close above red-line support turn resistance level of 1.05687 will invalidate downward pressure for now. However as long as 1.05687 holds, downward pressure is still expected. Penetration of 1.0520 on daily close will bring deeper fall of the EURO to pairity over the coming months.