EURUSD: Bullish, Risk Builds Up On 1.2322 level

Mohammed Isah FXTechstrategy

EURUSD - The pair continues to retain its upside pressure as it looks to target the 1.2322 level . On the upside, resistance comes in at 1.2300 level with a cut through here opening the door for more upside towards the 1.2350 level. Further up, resistance lies at the 1.2400 level where a break will expose the 1.2450 level. Conversely, support lies at the 1.2200 level where a violation will aim at the 1.2150 level. A break of here will aim at the 1.2100 level. Below here will open the door for more weakness towards the 1.2050. Its daily RSI is bullish and pointing higher. All in all, EURUSD faces further upside move on bullish offensive.

Interested in EURUSD technicals? Check out the key levels

1. R3 1.242
2. R2 1.2372
3. R1 1.2292
PP 1.2244
1. S1 1.2165
2. S2 1.2117
3. S3 1.2037

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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