EUR/USD: Â Having closed higher the past week, the Euro now looks to strengthen further in the new week. On the downside, Â support is located at the 1.0950 level and if violated, expect more weakness to happen towards the 1.0900 level. Further down, support lies at the 1.0850 level where a violation will aim at the 1.0800 level. A break of here will aim at the 1.0750 level.
On the upside, resistance is comes at 1.1050 level with a cut through here opening the door for more upside towards the 1.1100 level. Further up, resistance lies at the 1.1150 level where a break will expose the 1.1200 level. All in all, EUR/USD remains in the offensive short term.
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