The EURUSD maintained a strong bullish momentum this week, broke above the 1.3451 levels, so far reached 1.3568 levels, resistance is at the 1.3577 levels, stability above the 1.3577 levels on a daily closing basis will have large bullish implication ,If seen ,It will target the 1.3785 levels , a breach will turn focus on the 1.4250 levels ,this level is likely to bring reversal to the downside.
Alternatively , a failure to hold above the 1.3577 levels , could mean a return to the 1.3451 levels , a halt is suggested , but losing this level will open the 1.3370 levels ahead of the 1.3325 levels, further downside will aim the 1.3243 level.
In all the EURUSD will remain strongly bullish as long as 1.3104 holds on a daily closing basis, to reverse risks to the downside, the pair will have to hold below the 1.3104 levels on a daily closing basis, otherwise the risk will remain to the upside…
Note that the pair may fly 700 pips in one shot , tomorrow or the upcoming days without a warn !!