EURUSD Bullish, Remains On The Offensive

EURUSD: With the pair holding on to its upside pressure, more strength is expected in the new week. Resistance comes in at 1.1700 level with a cut through here opening the door for more upside towards the 1.1750 level. Further up, resistance lies at the 1.1800 level where a break will expose the 1.1850 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1600 level where a violation will aim at the 1.1550 level. A break of here will aim at the 1.1500 level. All in all, EURUSD faces further upside pressure.


Strategy: Buy at 1.1665, Stop loss at 1.1596, Price target at 1.1765 & 1.1799