EURUSD – Bullish with risk towards 1.3225/1.3330 – Support at 1.2820 , Resistance at 1.3061


The EURUSD maintained a bullish momentum yesterday. Topped at 1.3061 levels. Now the pressure will be on the key resistance 1.3061. The EURUSD will have to hold above the 1.3061 levels on a daily closing basis to push the market for further upside gains. If seen. The pair will target the 1.3135 levels. A breach will turn to focus on the 1.3225 levels. A break of 1.3225 will pave the way towards the 1.3330 levels.

On the downside. Support is at 1.2820. A failure to hold above the 1.3061 levels could mean a return to the 1.2820 levels, losing 1.2820 will expose the 1.2745 levels and target the 1.2661 levels.

Note: Minor support level is around the 1.2970 levels.