EURUSD: Bullish, Risk Targets The 1.3736 Level And Beyond
February 16, 2014 11:51 am
EURUSD: EUR looks to extend its bullish offensive with eyes on the 1.3739 level. A cut through here will aim at further upside towards the 1.3800 level, its psycho level. Further out, resistance is seen at the 1.3850 level and then the 1.3900 level. Its weekly RSI is bullish and pointing higher supporting this view. Conversely to annul its past week gains it will have to return to the 1.3561 level where a break will turn focus to the 1.3476 level. Further down, support comes in at the 1.3400 level, representing its psycho level where a breach will aim at its weekly 200 ema at the 1.3346 level. Additionally, support stands at the 1.3300 level and then the 1.3250 level. All in all, EUR remains biased to the upside on further recovery.
EURUSD: EUR looks to extend its bullish offensive with eyes on the 1.3739 level. A cut through here will aim at further upside towards the 1.3800 level, its psycho level. Further out, resistance is seen at the 1.3850 level and then the 1.3900 level. Its weekly RSI is bullish and pointing higher supporting this view. Conversely to annul its past week gains it will have to return to the 1.3561 level where a break will turn focus to the 1.3476 level. Further down, support comes in at the 1.3400 level, representing its psycho level where a breach will aim at its weekly 200 ema at the 1.3346 level. Additionally, support stands at the 1.3300 level and then the 1.3250 level. All in all, EUR remains biased to the upside on further recovery.
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