EUR/USD: Bullish Outlook On Greater Strength


EUR/USD outlook remains higher on more strength as it eyes price extension. Support comes in at the 1.1300 where a break will aim at the 1.1250 level. A break below here will target the 1.1200 level. Further down, support lies at the 1.1150. On the upside, resistance resides at 1.1400 level with a break through there opening the door for further upside towards the 1.1450 level. Further up, resistance comes in at the 1.1500 level where a violation will expose the 1.1550 level. Its weekly RSI is bullish and pointing higher suggesting further upside pressure. All in all, EUR/USD continues to threaten further upside pressure.

EUR/USD: Bullish Outlook On Greater Strength

EUR/USD, Weekly Chart


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