EUR/USD: The pair may have closed slightly higher on the weekly chart the past week but faces corrective pullback threats. On the downside, support lies at the 1.0500 level where a violation will aim at the 1.0450 level. A break of here will aim at the 1.0400 level. C
Conversely, on the upside, resistance comes in at 1.0600 level with a cut through here opening the door for more upside towards the 1.0650 level. Further up, resistance lies at the 1.0700 level where a break will expose the 1.0750 level.
All in all, EUR/USD faces further downside pressure medium term.
Â
