EUR/USD Sees Bullish Momentum

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EUR/USD: With more bullishness exposing further upside, EUR looks to extend its strength. Resistance resides at the 1.3900 level.

Further out, resistance comes in at the 1.3950 level followed by the 1.4000 level and possibly higher towards the 1.4050 level. Its daily RSI is bullish and pointing higher supporting this view.

Conversely, support stands at the 1.3710 level followed by the 1.3650 level and then the 1.3600 level. A breach will target the 1.3500 level followed by the 1.3456 level and next the 1.3321 level. All in all, EUR continues to retain its upside bias in the medium term.

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