EURUSD: Sees Further Upside Momentum, Target 1.3749 Level.
EURUSD: EUR followed through higher on the back of its previous week gains on Friday suggesting further upside. Resistance resides at the 1.3710 level where a violation will open the door for more upside towards the 1.3800 level. Further out, the 1.3850 level comes in as the next upside with a cut through here turning focus to the 1.3900 level. Its weekly RSI is bullish and pointing higher supporting this view. Conversely, support comes in at the 1.3335 level with a violation of here turning attention to the 1.3256 level. Further down, the 1.3200 level comes in as the next downside objective where a break will aim at the 1.3150 level and then the 1.3100 level. All in all, EUR continues to retain its broader medium term upside bias.
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