Black Pipper

Forex Dreamers

EUR/USD: Test of 1.0925 is likely below 1.1053

EUR/USD is under selling pressure at 1.10 this week. The 1.0970 week low has opened the door for a possible test of the year low of 1.0920 (3 September). Overall, the outlook remains bearish as long as trading is below the 3-month resistance level, which today stands at 1.1053.

Technical Levels

S1 1.0990
S2 1.0967
S3 1.0950

R1 1.1031
R2 1.1048
R3 1.1071

 

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