EURUSD: Bullish, The 13415 level Beckons.

Jan 18, 2012
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EURUSD: With EUR bullish and targeting further upside, it looks to recapture the 1.3415 level. A break through here will set the stage for more strength towards the 1.3500 level with a break resuming its broader upside and turning attention to the 1.3550 level. Its weekly RSI is bullish and pointing higher supporting this view. Conversely, support lies at the 1.3232 level followed by the 1.3136 level with a turn below here shifting focus to the 1.3050 level and then the 1.3000 level. All in all, EUR remains biased to the upside.

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