EURUSD: Bullish, Threatens Further Upside Pressure

Mohammed Isah FXTechstrategy

EURUSD - With the pair rallying back above its key resistance, further bullishness is likely. On the upside, resistance comes in at 1.0850 level with a cut through here opening the door for more upside towards the 1.0900 level. Further up, resistance lies at the 1.0950 level where a break will expose the 1.1000 level. Its daily RSI is bullish and pointing higher suggesting further upside pressure. Conversely, support lies at the 1.0750 level where a violation will aim at the 1.0700 level. A break of here will aim at the 1.0650 level. All in all, EURUSD faces pullback threats.

Interested in EURUSD technicals? Check out the key levels

1. R3 1.0762
2. R2 1.0754
3. R1 1.0749
PP 1.0741
1. S1 1.0736
2. S2 1.0728
3. S3 1.0723

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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