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EURUSD Remains On Bullish Offensive

EURUSD: Having EURUSD extended its bullish offensive the past week, further gain is expected in the new week. Support lies at the 1.1200 level. Further down, support lies at the 1.1150 level where a violation will aim at the 1.1100 level. A break of here will aim at the 1.1050 level. Conversely, on the upside, 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 weekly RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD remains biased to the upside on further strength.

EURUSD Remains On Bullish Offensive

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