EURUSD: More bullish offensive is now building up as EUR continues to hold on to its bull pressure. Resistance resides at the 1.3150 level. Further out, resistance comes in at the 1.3242 level. A break through here will resume its medium term uptrend. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support lies at the 1.2932 level followed by the 1.2795/35 levels, its key support levels. Below here will push it further lower towards the 1.2650 level and then the 1.2600 level. All in all, EUR continues to retain its medium term downside bias.
