EURUSD Eyes Price Extension On Bullish Offensive
EURUSD: With a strong rally occurring the past week, EURUSD eyes price extension on bullish offensive. However, it may pullback after such a strong move. On the upside, resistance is comes at 1.0900 level with a cut through here opening the door for more upside towards the 1.0950 level. Further up, resistance lies at the 1.0000 level where a break will expose the 1.0050 level. Its weekly RSI is bullish and pointing higher supporting this view. Support is located at the 1.0800 level and if violated, expect more weakness to occur towards the 1.0750 level. Further down, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break of here will aim at the 1.0600 level. All in all, EURUSD eyes price extension on bullish offensive but with caution.
