EURUSD: Bullish, Eyes Further Upside.
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EURUSD: While the pair is bullish in the short term, it will have to decisively break and hold above the 1.3242 level to create scope for more. A cut through this level will resume its medium term uptrend and call for more strength towards the 1.3300 level. Further out, resistance resides at the 1.3400 level and then the 1.3450 level. Its weekly RSI is bullish and pointing higher suggesting further strength. On the downside, support comes in at 1.3150 level followed by the 1.3050 level and then the 1.3000 level. Below here will aim at the 1.2900 level. All in all, EUR continues to retain its medium term upside bias.