EUR/USD: The pair closed higher on a correction the past week. This development has left EUR threatening further upside pressure. On the down, support lies at the 1.0950 level where a violation will aim at the 1.0900 level. A break of here will aim at the 1.0850 level. Conversely, on the upside, resistance comes in at 1.1000 level with a cut through here opening the door for more upside towards the 1.1050 level.
Further up, resistance lies at the 1.1100 level where a break will expose the 1.1150 level. All in all, EURUSD faces a recovery threat in the new week.
