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EURUSD: With EURUSD continuing to maintain its recovery tone, we may see more strength. Support lies at the 1.1100 level. Further down, support comes in at the 1.1050 level where a violation will aim at the 1.1000 level. A break of here will target the 1.1050 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 daily RSI is bullish and pointing higher suggesting further upside pressure. All in all, EURUSD faces a move higher on further recovery.
