EURUSD: Risk Turns To The 1.3242 Level
i think that the 1.3339 is possible.
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EURUSD: A reversal of its Monday and Tuesday losses has cleared the way for a return to the 1.3242 level. A cut there here will resume its medium term uptrend and call for a run at the 1.3300 level. A clearance of this level will pave the way for a run at the 1.3350 level with a turn above here targeting the 1.3400 and then the 1.3450 level. Its daily RSI is bullish and pointing higher supporting this view. The alternative scenario will be for EUR to return to the 1.3034 level where a breach will set the stage for move lower towards the 1.2955 level. Further down, support lies at the 1.2850 level and next the 1.2750/35 levels, its key support levels. All in all, EUR continues to retain its medium term upside bias with eyes on the 1.3242 level