EURUSD: The pair continues to retain its upside pressure as more strength is envisaged in the new week. Resistance comes in at 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 weekly 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. All in all, EURUSD faces further upside pressure.
Strategy: Buy at 1.1820, Stop loss at 1.1751, Price target at 1.1920 & 1.1965
Strategy: Buy at 1.1820, Stop loss at 1.1751, Price target at 1.1920 & 1.1965