Home EUR/USD: Maintains Its Upside Bias

EUR/USD: With EUR continuing to hold on to its upside bias, a retake of the 1.3579 level is a likely scenario. This if seen will extend gains towards the 1.3600 level and then the 1.3650 level. Above here will expose the 1.3738 level.

Its daily RSI is bullish and pointing higher supporting this view. Support lies at the 1.3450 level followed by the 1.3400 level.

Further down, support comes in at the 1.3350 level where a violation will aim at the 1.3299 level. Below here will aim at the 1.3250 level where a violation will turn focus to the 1.3200 level.

All in all, EUR continues to retain its upside bias in the medium term.

Guest post by  FX Tech Strategy

EURUSD

 

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.