EURUSD: Pressure Builds Up On The 1.2069 Zone

  • EURUSD: With the pair seen rallying strongly on Thursday, further bullishness is likely in the days ahead. Resistance comes in at 1.2069 level with a cut through here opening the door for more upside towards the 1.2100 level. Further up, resistance lies at the 1.2150 level where a break will expose the 1.2200 level. Its daily RSI is bullish and pointing higher suggesting further upside pressure. Conversely, support lies at the 1.2000 level where a violation will aim at the 1.1950 level. A break of here will aim at the 1.1900 level. Below here will open the door for more weakness towards the 1.1850. All in all, EURUSD faces further upside towards its key resistance.

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  • We are looking the up flow in the chart of GBPCAD. So hopefully after completing the range it has a great possibility to come down. So to the sellers the entry point is at 1.3118 and the closing point is at 1.7072.

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