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EURUSD: Pressure Builds Up On The Upside, Eyes The 1.1724 Zone

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Euro / Dolar A.S. (FX:EURUSD)  
FXTechstrategy  
FX:EURUSD   Euro / Dolar A.S.
Trend Analysis Chart Patterns Technical Indicators forexsignals
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trendanalysis chartpattern indicator forexsignals

EURUSD: With the pair backing off lower prices to close higher the past week, more strength is likely. Resistance comes in at 1.1700 level with a cut through here opening the door for more upside towards the 1.1750 level. Further up, resistance lies at the 1.1800 level where a break will expose the 1.1850 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. Below here will open the door for more weakness towards the 1.1450. All in all, EURUSD faces further corrective recovery threats.
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