EUR/USD: Broader Bias Remains Higher On Bullishness
FXTechstrategy Team | Jun 04, 2017 10:14AM ET
EUR/USD: With the pair closing higher the past week, risk of more strength is likely. Resistance comes in at 1.1300 level with a cut through here opening the door for more upside towards the 1.1350 level. Further up, resistance lies at the 1.1400 level where a break will expose the 1.1450 level. Its daily RSI is bullish and pointing higher suggesting further upside pressure. Conversely, support lies at the 1.1200 level where a violation will aim at the 1.1150 level. A break of here will aim at the 1.1100 level. All in all, EUR/USD faces further recovery threats in the new week.
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