EURUSD: Broader Bias Remains Higher.
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EURUSD: With EUR holding above the 1.3242 level, we expect the pair to extend further strength towards the 1.3318 level. A break will target the 1.3400 level followed by the 1.3450 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support lies at the 1.3242 level with a turn below here aiming at the 1.3200 level followed by the 1.3100 level and possibly lower towards the 1.3000 level. All in all, EUR continues to retain its medium term upside bias.