Daily Technical Strategist On EURUSD

EURUSD: Pulls Back, Aims At 1.3600

EURUSD: With EUR halting its upside offensive on Tuesday and following through lower during Wednesday trading session, further weakness is envisaged. Support comes in at the 1.3651 zone where a reversal of roles as support is likely. Below here will aim at the 1.3600 level and then 1.3550 level where a violation will target further downside towards the 1.3521/02 levels level. Further down, support stands at the 1.3450 level. Conversely, resistance resides at the 1.3723 level and subsequently the 1.3774 level. Above here will open the door for more upside towards the 1.3800 level followed by the 1.3850 level and then the 1.3900 level. All in all, EUR remains biased to the upside in the short term.