EURUSD: With the pair continuing to hold firmly above its key resistance at the 1.3233 level, its Jan 27’2012 high and bullish, the risk is for EUR to target the 1.3375 level, its Dec 12’12 high. A breach of there will aim at its Dec 02’2011 high at 1.3547. Its daily RSI is bullish and pointing higher suggesting further strength. Alternatively, on pullbacks support lies at the 1.3233 level where a violation will target the 1.3000 level and next the 1.2930 level, its Jan 25’2011 low. Further down, support lies at the 1.2856/75 level, its Dec 29’2011 low/Jan 2011 low. All in all, the pair looks to strengthen further having resumed its nearer term uptrend.
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