EURUSD: EUR looks to strengthen further following a strong bullish offensive during Thursday trading session. A follow-through higher on that gain is expected to create scope for more recovery with eyes on its key resistance at 1.1331 level.
Resistance is seen at 1.1300 level with a cut through here opening the door for more upside pressure towards the 1.1300 level. Further up, resistance comes in at the 1.1350 level where a break will expose the 1.1400 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.1200 level where a violation will aim at the 1.1150 level. A break of here will aim at the 1.1050 level with a turn below that level targeting the 1.1000 level. All in all, risk remains biased to the upside in the short term.
