EURUSD: Still Faces Upside Threats Despite Price Hesitation

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EURUSD

EURUSD: Still Faces Upside Threats Despite Price Hesitation.

EURUSD – The pair continues to maintain its upside bias triggered from the 1.2744 level though hesitating. As long as it continues to trade and hold above the 1.2955 level, further upside offensive is expected towards the 1.3201 level. Further out, resistance resides at the 1.3250 level where a break will call for a run at the 1.3300 level. Above here will create scope for more upside towards the 1.3350 and then the 1.3318 level. The alternative scenario will be a return to the 1.2955 level to occur where a violation will aim at the 1.2850 level. Below here will aim at the 1.2750/35 levels, its key support levels with cut through here targeting the 1.2700 level. All in all, EUR continues to retain its short term upside bias.