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FXTechstrategy

EURUSD: Broader Bias Remains Higher On Bullishness

Long
Euro / U.S. Dollar (FX_IDC:EURUSD)  
FXTechstrategy  
FX_IDC:EURUSD   Euro / U.S. Dollar
EURUSD dailyanalysis alerts
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eurusd dailyanalysis alerts

EURUSD: With the pair closing higher the past week, risk of more strength is likely. Resistance comes in at 1.1300 level with a cut through here opening the door for more upside towards the 1.1350 level. Further up, resistance lies at the 1.1400 level where a break will expose the 1.1450 level. Its daily RSI is bullish and pointing higher suggesting further upside pressure. Conversely, support lies at the 1.1200 level where a violation will aim at the 1.1150 level. A break of here will aim at the 1.1100 level.

Strategy: Buy at 1.1279, Stop loss at 1.1210, Price target at 1.1379 & 1.1420
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