EURUSD: Bullish, Remains On The Offensive

Mohammed Isah FXTechstrategy

EURUSD: With the pair holding on to its upside pressure, more strength is expected in the new week. Resistance comes in at 1.1700 level with a cut through here opening the door for more upside towards the 1.1750 level. Further up, resistance lies at the 1.1800 level where a break will expose the 1.1850 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. All in all, EURUSD faces further upside pressure.

Interested in EURUSD technicals? Check out the key levels

1. R3 1.1714
2. R2 1.1699
3. R1 1.1690
PP 1.1676
1. S1 1.1667
2. S2 1.1652
3. S3 1.1643

Author

Mohammed Isah

FXTechstrategy

Mohammed Isah is a technical strategist and head of research at FXTechstrategy.com, a technical-research Web site. He has been trading and analyzing the foreign exchange market since 2010.

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