EURUSD: The pair continues to hold on to its medium term uptrend suggesting further upside. Risk of a return to the 1.3645/1.3700 levels remains.
Further out, resistance resides at the 1.3800 level followed by the 1.3850 level. Its weekly RSI is bullish and pointing higher supporting this view.
Conversely, on a reversal of its current upside it could recapture the 1.3451 level. A reversal of roles is likely to occur here and turn it higher.
Further down, support lies at the 1.3300 level followed by the 1.3200 level. All in all, EUR remains biased to the upside with risk of further bullish offensive in the days ahead.
Guest post by FX Tech Strategy
Share
