EUR/USD Rallies Strongly With Eyes On 1.1051 Area


EURUSD rallies strongly with eyes on 1.1051 area as it looks for more recovery. Support comes in at the 1.0950 where a break will turn risk to the 1.0900 level. A breach below here will target the 1.0850 level. Further down, support stands at the 1.0800. Conversely, on the upside, resistance comes in at 1.1100 level with a violation of there opening the door for further gain towards the 1.1150 level. Further up, resistance lies at the 1.1200 level. A cut through that level will clear the way for a move towards the 1.1250 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD expects more recovery in the days ahead.

 

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