EURUSD: Continues To Retain Its Broader Upside Tone (Weekly

EURUSD: Despite its flat close the past week, EUR remains biased to the upside with eyes on the 1.3415 level.

A break through here will set the stage for more upside towards the 1.3500 level with a break resuming its broader upside and turning attention to the 1.3550 level.

Its weekly RSI is bullish and pointing higher supporting this view. A cut through here will aim at the 1.3300 level. Its weekly RSI has turned higher supporting this view.

Conversely, support lies at the 1.3136 level with a turn below here shifting focus to the 1.3050 level and then the 1.3000 level. All in all, EUR remains biased to the upside.

Guest post by FX Tech Strategy

FX Tech Strategy

FX Tech Strategy provides simple forex research for Intra-day, swing and position traders. For over 6 years, FXTechstrategy has been committed to providing forex traders including intra-day, swing and position traders exceptional forex research with technical analysis expertise that makes trading decisions easy and painless. FXTchstrategy won Best Technical Analysis (forex best awards) by fxstreet in 2011 and was finalists, Star Awards by traderplanet in 2011 & 2012.

View all posts by FX Tech Strategy