{"id":90506,"date":"2016-05-29T10:20:11","date_gmt":"2016-05-29T14:20:11","guid":{"rendered":"http:\/\/countingpips.com\/?p=90506"},"modified":"2016-05-29T10:20:11","modified_gmt":"2016-05-29T14:20:11","slug":"eurusd-looks-to-weaken-further-on-bear-pressure","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/eurusd-looks-to-weaken-further-on-bear-pressure\/","title":{"rendered":"EURUSD Looks To Weaken Further On Bear Pressure"},"content":{"rendered":"<div id=\"inves-3653469236\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 29, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>EURUSD: With EURUSD weakening for a fourth week in a row, more downside pressure is expected in the new week. Support lies at the 1.1050 level. Further down, support comes in at the 1.1000 level where a violation will aim at the 1.0950 level. A break of here will target the 1.0900 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes in 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, EURUSD remains biased to the downside on more decline.<br \/>\n<img decoding=\"async\" src=\"http:\/\/www.fxtechstrategy.com\/wp-content\/uploads\/2016\/05\/EURUSDWeekly-4.png\" alt=\"null\" \/><\/p>\n<p>By <a href=\"http:\/\/FXTechstrategy.com\" target=\"_blank\">FXTechstrategy.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EURUSD: With EURUSD weakening for a fourth week in a row, more downside pressure is expected in the new week. Support lies at the 1.1050 level. Further down, support comes in at the 1.1000 level where a violation will aim at the 1.0950 level. A break of here will target the 1.0900 level. Its weekly [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-90506","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=90506"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90506\/revisions"}],"predecessor-version":[{"id":90512,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90506\/revisions\/90512"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=90506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=90506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=90506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}