EUR/USD Risk Continues To Build Up Towards 1.1496 Level

EUR/USD faces risk of further upside pressure as it looks to recapture its key resistance at 1.1496 level. Resistance comes in at the 1.1550 with a break turning risk towards the 1.1600 level. A cut through here will target the 1.1650 level. Further up, resistance stands at the 1.1700. Its daily RSI is bullish and pointing higher suggesting more strength. Conversely, on the downside, support comes in at 1.1450 level with a violation opening the door for further gain towards the 1.1400 level. Further down, resistance lies at the 1.1350 level. A cut through that level will clear the way for a move towards the 1.1300 level. All in all, EURUSD looks for more upside recovery.

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