EURUSD: Halts Decline, Sees Higher Recovery.
1.3106 level as the next upside target,thanks!
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EURUSD: A reversal of its previous week losses has left the pair targeting further upside. This will leave the 1.3106 level as the next upside target with a cut through here calling for a run at the 1.3710 level. It will have to follow through higher in the new week on its recovery or risk a return to the 1.2843 level followed by the 1.2800 level where a halt could occur and turn it higher. However, if this level breaks, expect further declines to occur towards the 1.2700 level. On the upside, to continue its recovery it will have to extend it to the 1.3250 followed by the 1.3318 level. All in all, EUR continues to retain its downside bias though recovering.