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EURUSD: Caps Gain, Threatens Pullback

EURUSD: Caps Gain, Threatens PullbackEURUSD: The pair saw a price rejection during Thursday trading session. This leaves the risk of a correction. On the upside, resistance comes in at 1.2400 level with a cut through here opening the door for more upside towards the 1.2450 level. Further up, resistance lies at the 1.2500 level where a break will expose the 1.2550 level. Its daily RSI is bullish and pointing higher suggesting more strength. Conversely, support lies at the 1.2300 level where a violation will aim at the 1.2250 level. A break of here will aim at the 1.2200 level. Below here will open the door for more weakness towards the 1.2150. All in all, EURUSD faces further upside move on bullish offensive

EURUSD: Caps Gain, Threatens Pullback

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