EURUSD: Retains Upside Bias On Recovery

14 May 2017, 14:56
FXTechstrategy.com
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EURUSD: With the pair retaining its short term uptrend, more strength is envisaged. Resistance comes in at 1.1000 level with a cut through here opening the door for more upside towards the 1.1050 level. Further up, resistance lies at the 1.1100 level where a break will expose the 1.1150 level. Conversely, support lies at the 1.0900 level where a violation will aim at the 1.0850 level. A break of here will aim at the 1.0800 level. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD faces further bull threats.



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