EUR/USD remains vulnerable to the downside with risk of a move lower likely. However, its higher close on Friday on a rejection candle, we could see it push higher on a recovery. On the downside, Â support is located at the 1.1100 level and if violated, expect more weakness to happen towards the 1.1050 level.
Further down, Â support lies at the 1.1000 level where a violation will aim at the 1.0950 level. A break of here will aim at the 1.0900 level. On the upside, resistance is comes at 1.1150 level with a cut through here opening the door for more upside towards the 1.1200 level. Further up, resistance lies at the 1.1250 level where a break will expose the 1.1300 level. All in all, EUR/USD remains on corrective upside short term.
