EURUSD: With EUR closing higher to hold above its broken resistance at the 1.2822 level, further price extension risk is likely in the days ahead. This will leave the pair targeting its psycho level at the 1.3000 level. Further out, resistance resides at the 1.3171 level. Its daily RSI is bullish and pointing higher suggesting further upside. On the downside, support comes in at the 1.2822 level. Further down, support lies at the 1.2660/25 levels. A breach of here will call for a run at the 1.2560 level. All in all, EUR continues to retain its corrective recovery tone.
