EURUSD: Rallies, Looks To Extend Strength

16 March 2017, 02:01

EURUSD: The pair rallied strongly to reverse its two-day losses on Wednesday. On the upside, resistance comes in at 1.0750 level with a cut through here opening the door for more upside towards the 1.0800 level. Further up, resistance lies at the 1.0850 level where a break will expose the 1.0900 level. Conversely, support lies at the 1.0650 level where a violation will aim at the 1.0700 level. A break of here will aim at the 1.0750 level. Its daily RSI is bullish and pointing higher suggesting further upside. All in all, EURUSD faces further upside pressure.

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