EURUSD: Follows Through Higher, Pressure Builds On 1.3307 Level

EURUSD: Having followed through higher on the back of its Tuesday gains in early trading today, EUR looks to extend its bullish offensive. In such a case, the 1.3307 level, representing its Dec 2012 high will be aimed at with a violation of here targeting further upside towards the 1.3350 level. Further out, resistance resides at the 1.3400 level, its psycho level. Its daily RSI is bullish and pointing higher supporting this view. On any pullback back from its present price levels, it will target the 1.3158 level, its Dec 21’2012 low. Further down, support comes in at 1.3000 level and then the 1.2822 level. All in all, EUR faces further upside threats with eyes on the 1.3307 level.