The EUR/USD pair continues to retain its upside pressure, hesitating on Jan. 5. On the upside, resistance comes in at the 1.2050 level with a cut through here opening the door for more upside towards the 1.2100 level.

Further up, resistance lies at the 1.2150 level where a break will expose the 1.2200 level. Conversely, support lies at the 1.1950 level where a violation will aim at the 1.1900 level.

A break of here will aim at the 1.1850 level. Below here will open the door for more weakness towards the 1.1800. All in all, EUR/USD faces further downside weakness on price halt.