EURUSD: The With EUR on the offensive for a third day in a row, the risk for continued upside recovery. This has created scope for more upside towards the 1.3125/38 levels. This if violated will trigger its medium term uptrend with a push further higher towards the 1.3177 level. Further out, resistance resides at the 1.3200 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support comes in at the 1.2928 level where a breach will turn attention to the 1.2875 level. Further down, support lies at the 1.2660/25 levels. All in all, EUR continues to retain its broader upside bias.
