EURUSD: Having climbed above its key resistance at the 1.3233 level, its Jan 27’2012 high, we are looking for EUR to strengthen further. This will aim at the 1.3375 level, its Dec 12’12 high with a breach targeting 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 aim at 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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