The EURUSD maintained a bullish momentum the past few days after bottoming at 1.2910 levels, pressure now will be on the key resistance 1.3190 ,EURUSD will have to hold above 1.3190 on a daily closing basis to push the market for further upside gains,  if seen this scenario could push the market further higher towards the 1.3370  levels, where a breach will turn focus on the 1.3577 levels, further break above 1.3577 will expose 1.3710 and target 1.3850.

Alternatively,A failure to hold above 1.3190 on a daily closing basis, could mean a return to the 1.2910 levels, this level is supposed to contain any downside move and bring rebound to the upside, but If 1.2910 fails, expect the pair to weaken further towards the 1.2735 levels, losing 1.2735 will expose 1.2661 and target 1.2390 levels.

In the long term picture, as long as the weekly close is above 1.2661, rise from 1.2042 could extend higher above 1.3710 towards 1.4940/1.5140 levels, break of the key support 1.2661 will suggest that rise from 1.2042 is finished at 1.3710, and a lower leg below 1.2042 is suggested towards 1.1875/1.1640 levels.

Best Regards

Haitham