EUR/USD:  With a reversal of almost all of its previous week seen the past week, EUR/USD bear pressure builds up on the 1.0795 level. On the downside, support is located at the 1.0795 level and if violated, expect more weakness to happen towards the 1.0750 level. Further down, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break here will aim at the 1.0600 level. Its weekly RSI is bearish and pointing lower suggesting further downside pressure.
On the upside, resistance comes at the 1.0900 level with a cut through here opening the door for more upside towards the 1.0950 level. Further up, resistance lies at the 1.1000 level where a break will expose the 1.1050 level. All in all, EUR/USD bear pressure builds up on the 1.0795 level, its Dec 07, 2015 low.
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