EUR/USD Risk Remains Towards 1.1215 Zone

EUR/USD risk remains towards 1.1215 zone as it looks to weaken further in the days ahead. Support lies at the 1.1300 where a violation will aim at the 1.1250 level. A break below here will aim at the 1.1200 level. Further down, support lies at the 1.1150. Its weekly RSI is bearish and pointing lower suggesting more weakness. On the upside, resistance resides at 1.1350 level with a break through there opening the door for further upside towards the 1.1400 level. Further up, resistance comes in at the 1.1450 level where a violation will expose the 1.1500 level. All in all, EUR/USD continues to face downside pressure.

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