EURUSD: Bullish, Eyes More Recovery Higher

EUR/USD: With the pair closing higher the past week, further bullishness is likely in the new week. On the down, support lies at the 1.0650 level where a violation will aim at the 1.0600 level.

A break of here will aim at the 1.0550 level. Conversely, on the upside, resistance comes in at 1.0750 level with a cut through here opening the door for more upside towards the 1.0800 level.

Further up, resistance lies at the 1.0850 level where a break will expose the 1.0900 level. All in all, EUR/USD faces further upside pressure in the new week.

 

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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