EURUSD: The pair is seen reversing its Monday losses, suggesting it could recapture its psycho level at 1.3200 level. A cut through here will create scope for more strength towards the 1.3282 level, its may 01’2012 high. Further out, resistance resides at the 1.3350 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support comes in at the 1.3125 level where a reversal of roles is likely to occur and turn it higher again. Further down, support is seen at the 1.3000 level followed by the 1.2928 level and then the 1.2875 level. All in all, EUR continues to retain its broader upside bias.
