EURUSD: Although EUR continues to retain its upside bias, it faces the risk of a corrective pullback in the new week. Support lies at the 1.3820 level where a break will aim at the 1.3770 level.
Further down, support resides at the 1.3676 level with a loss of there threatening further downside towards the 1.3600 level where a violation will target the 1.3550 level.
Conversely, on further strength, the pair will aim at the 1.3900 level followed by the 1.3950 level. Further out, resistance resides at the 1.4000 level where a breach will aim at the 1.4050 level. All in all, EUR remains biased to the upside in the long term but faces bear threats.
Guest post by FX Tech Strategy
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