EURUSD: Looks To Extend Gains.
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EURUSD: Having halted its weakness and turned higher the past week, more upside is likely in the new week. However, it will have to retake the 1.3415 level to trigger its broader upside towards the 1.3500 level followed by the 1.3600 level. Its daily RSI is bullish and pointing higher supporting this view. Conversely, on a reversal of its current upside it could recapture the 1.3165 level. Below here will aim at the 1.3100 level followed by the 1.3050 level with a turn below here shifting focus to the 1.3000 level. All in all, EUR remains biased to the upside.