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EURUSD Looks To Extend Corrective Recovery

EURUSD: With EURUSD rallying strongly on Thursday, it faces further strength in the days ahead. This view remains valid as long as the pair can trade and hold above. Support lies at the 1.0900 level. Further down, support lies at the 1.0850 level where a violation will aim at the 1.0800 level. A break of here will aim at the 1.0800 level. Conversely, on the upside, resistance comes in at 1.1000 level with a cut through here opening the door for more upside towards the 1.0050 level. Further up, resistance lies at the 1.1100 level where a break will expose the 1.1150 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD looks to extend corrective recovery on further strength.

EURUSD Looks To Extend Corrective Recovery

 

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