EUR/USD: With EUR’s broader bias remaining to the upside in the medium, further gains is likely in the days ahead. Resistance resides at the 1.3831 level. A cut through here will expose the 1.3850 level.
Further out, resistance is seen at the 1.3900 level. Its daily RSI is bullish and pointing higher supporting this view. Support lies at the 1.3700 level with a breach targeting the 1.3650 level and then the 1.3600 level. We may see the bulls come in here and push the pair higher.
However, if this fails to occur, expect further upside towards the 1.3550 level. All in all, EUR continues to retain its upside bias in the medium term.
Guest post by FX Tech Strategy
