EURUSD- EUR put in a strong performance the past week halting its corrective pullback off the 1.5904 high to close the week at 1.5808. The pair is now poised to ascend further towards its YTD high at 1.5904 with a loss of there triggering further gains targeting its big psycho resistance at 1.6000.Above there will set the stage for higher prices towards the 1.6100 and 1.6200 levels, representing its psycho resistance levels. Its daily stochastics remains bullish to overbought. Support starts at the 1.5700 level, its psycho support and extends to the 1.5600 area, another psycho level. Under there will target its Mar 24’08 low/.382 Ret (1.4440-1.5904 rally, daily chart) at 1.5344/42 followed by the 1.5174 level, representing its .50 Ret. On the whole, having reversed almost its entire decline off the 1.5904 level, EUR now looks to retest and ultimately break through there to new highs.

Directional Bias:
Nearer Term –Bullish
Short Term –Bullish
Medium Term –Bullish

Performance in %:
Past Week: +2.43%
Past Month: +2.12%
Past Quarter: +2.20%
Year-To-Date: +8.37%

Weekly Range:
High -1.5859
Low -1.5342