EUR/USD: Having closed higher the past week, we envisage further bullish offensive in the new week. Support lies at the 1.1100 level. Further down, support lies at the 1.1050 level where a violation will aim at the 1.1000 level. A break of here will aim at the 1.0950 level.
Conversely, on the upside, resistance comes in at 1.1200 level with a cut through here opening the door for more upside towards the 1.1250 level. Further up, resistance lies at the 1.1300 level where a break will expose the 1.1350 level. Its weekly RSI is bullish and pointing higher suggesting further strength. All in all, EUR/USD remains biased to the upside on further strength.
