The EURUSD maintained a bullish momentum , printed a new support at the 1.3461 levels last week , this development leaves the pair targeting the 1.3577 levels where a breach is likely , If seen , it will target the 1.3711 levels, where a breach will turn focus on the 1.3785 levels, further upside with aim the 1.3870 levels.
On the downside , If 1.3461 fails on a daily closing basis, expect the market to weaken towards the 1.3325 levels , further downside will aim the 1.3243 levels ahead of the 1.3104 levels.
In all, the pair will remain biased to the upside as long as 1.3461 holds on a daily closing basis with risk towards the 1.3577 levels ahead of the 1.3711 levels , losing the 1.3461 levels will confirm short term topping and might bring reversal to the downside.
Support and resistance levels: 1.2660, 1.2745 , 1.2922 , 1.2992 , 1.3066, 1.3104 (main) , 1.3243 , 1.3324 ,1.3385 , 1.3461 (main), 1.3577 , 1.3710 , 1.3785 , 1.3870, 1.4246
(Trend strength - daily chart )
EURUSD - Daily Chart