EUR/USD: With the pair rallying to extend its price correction on Tuesday, more strength is expected in the days ahead. Resistance comes in at the 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level.
Further up, resistance lies at the 1.1950 level where a break will expose the 1.2000 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1750 level where a violation will aim at the 1.1700 level. A break of here will aim at the 1.1650 level. Below here will open the door for more weakness towards the 1.1600. All in all, EUR/USD continues to face further bull threats but with caution.
