EURUSD: Set To Extend Its Bullishness.
EURUSD: Having taken out its key resistance at the 1.3307 level to close the week higher, further upside offensive is envisaged. Further out, resistance resides at the 1.3350 level followed by the 1.3400 level. A cut through here will open the door for more upside towards the 13500 level. Conversely, support stands at the 1.3307 level where a reversal of roles as support is likely to occur and turn EUR back up. However, if this fails, further downside will follow towards the 1.3200 level followed by the 1.3000 level. Further down, support comes in at its trendline support and its 200 daily ema at 1.2944/21 levels. All in all, EUR continues to retain its broader medium term upside bias.