EURUSD: Having capped its strength at the 1.1390 level to close marginally lower the past week, corrective pullback threats are building up.
Resistance is seen at the 1.1300 level with a cut through here opening the door for more downside towards the 1.1390 level. Further up, resistance lies at the 1.1450 level where a break will expose the 1.1500 level.
Conversely, support lies at the 1.1200 level where a violation will aim at the 1.1050 level. A break of here will aim at the 1.1000 level with a turn below that level targeting the 1.0950 level. All in all, EUR faces corrective pullback threats having lost its upside momentum.
In this week’s podcast, we take tips from Yellen, discuss commodity currencies and preview next week’s events
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