With EUR remaining bullish and pointing higher following a reversal of its Thursday weakness, the risk is for a return above the 1.3568 level to occur.
Further out, resistance comes in at the 1.3600 level followed by the 1.3650 level and possibly higher towards the 1.3700 level. Its daily RSI is bullish and pointing higher supporting this view.
Conversely, on a price failure it will target the 1.3456 level followed by the 1.3321 level where a breach will target the 1.3250 level. Further down, support comes in at the 1.3165 level where a breach will aim at the 1.3100 level where a reversal of roles as support is expected.
All in all, EUR continues to retain its upside bias in the medium term.
Guest post by FX Tech Strategy
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