EUR/USD: The pair still holds on to its broader uptrend despite a lower close the past week. Resistance comes in at the 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level.
Further up, resistance lies at the 1.2100 level where a break will expose the 1.2150 level. Conversely, support lies at the 1.1800 level where a violation will aim at the 1.1750 level. A break of here will aim at the 1.1700 level. Below here will open the door for more weakness towards the 1.1650 level. All in all, EUR/USD faces further upside pressure though with caution.Â
