EURUSD: Having continued to maintain its bullish out, it now looks to recapture the 1.3739 level followed by the 1.3800 level, its psycho level. Further out, resistance resides at the 1.3893 level, its Dec 27 2013 high. This view is consistent with its long term uptrend. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support comes in at the 1.3673 level where a break will turn attention to the 1.3600 level and then the 1.3561 level, its Feb 12 2014 level followed by the 1.3476 level. Further down, support stands at the 1.3400 level, representing its psycho level where a breach will aim at its weekly 200 ema at the 1.3346 level. All in all, EUR remains biased to the upside below its broken trendline.
Article by www.fxtechstrategy.com
