EUR/USD: The pair backed off higher prices ahead of its key support zone at the 1.1700 zone during Tuesday trading session today. While it trades above the 1.1716/00 zone, we expect a move higher to occur. Resistance comes in at the 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level.
Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EUR/USD continues to face further bear threats but with caution.
