EURUSD Bullish, Resumes Its Medium Term Uptrend

27 August 2017, 17:04
EURUSD: The pair remains biased to upside after resuming its medium term uptrend the past week. Resistance comes in at 1.1950 level with a cut through here opening the door for more upside towards the 1.2000 level. Further up, resistance lies at the 1.2050 level where a break will expose the 1.2100 level. Its weekly RSI is bullish and pointing higher suggesting further upside pressure. Conversely, support lies at the 1.1900 level where a violation will aim at the 1.1850 level. A break of here will aim at the 1.1800 level. All in all, EURUSD faces further upside pressure medium term

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