EURUSD: EUR rallied strongly during Friday trading session leaving risk on further upside. It faces a bigger overhead resistance standing at the 1.1433 level, representing its September 18 2015 high. However, immediate resistance resides at the 1.1400 level. On the upside, resistance is seen at 1.1450 level with a cut through here opening the door for more upside towards the 1.1500 level.
Further up, resistance lies at the 1.1550 level where a break will expose the 1.1600 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the downside, support lies at the 1.1300 level where a violation will aim at the 1.1250 level. A break of here will turn risk to the 1.1200 level with a move below that level targeting the 1.1050 level. All in all, EUR remains biased to the upside with eyes on key overhead resistance.
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