EURUSD: Pressure Builds On The 1.3415 Level

EURUSD: With a strong rally pushing the pair higher for a third consecutive week, further strength is expected in the new week. This development has left the pair targeting further upside towards the 1.3415 level with a break resuming its broader upside and turning attention to the 1.3450 level. A cut through here will aim at the 1.3300 level. Its weekly RSI has turned higher supporting this view. Conversely, support lies at the 1.3136 level with a turn below here shifting focus to the 1.3050 level and then the 1.3000 level. All in all, EUR remains biased to the upside.

indeed, very possible. Plus a “wrong move” down on the weekly chart with new local lows as a trap… I also think that 1.34+ is coming during that week.