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EURUSD: Retains Its Broader Upside Pressure

EURUSD: Though EURUSD continues to hesitate, it retains its broader uptrend. Support lies at the 1.1350 level where a violation will aim at the 1.1300 level. A break of here will aim at the 1.1250 level. Conversely, on the upside, resistance comes in at 1.1450 level with a cut through here opening the door for more upside towards the 1.1500 level. Further up, resistance lies at the 1.1550 level where a break will expose the 1.1600 level. Its daily RSI is bullish and pointing higher suggesting further downside pressure. All in all, EURUSD remains biased to the upside on further strength in the medium term.

EURUSD: Retains Its Broader Upside Pressure

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