EURUSD: Pulls Back On Corrective Weakness.

EURUSD: EUR has turned lower below its broken resistance at the 1.3307 level on correction. On ending its corrective pullback it should eventually return above the 1.3307 level followed by the 1.3403 level. A cut through here will open the door for more upside towards the 13500 level. Conversely, on continued correction EUR could push further lower towards the 1.3200 level where a breach will aim at the 1.3150 level and then the 1.3100 level. Its daily RSI is bearish and pointing lower supporting this view. All in all, EUR continues to retain its broader medium term upside bias though vulnerable.