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Though maintaining its broader upside, EUR/USD requires a break and hold above the 1.3772 level to trigger that trend.

Above here will turn attention to the 1.3800 level, its psycho level.

Further out, resistance comes in at the 1.3893 level, its Dec 27 2013 high. A turn above here will pave the way for a run at the 1.3950 level and next the 1.4000 level.

This view is consistent with its long term uptrend. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support comes in at the 1.3739 level where a break will turn focus to the 1.3673 level.

Further down, support lies at the 1.3600 level and then the 1.3561 level, its Feb 12 2014 level. All in all, EUR remains biased to the upside below its broken trendline.

EURUSD

 

Guest post by FX Tech Strategy