EURUSD bulls have shown no fear of heights as the pair rallied aggressively to 1.3640 "“ with no real pullback or pauses. RSI is slightly overbought which could indicate a correction pre-NFP. However with other bullish technical indicators such as trend in MACD and uptrend channel undamaged (consecutive higher highs and higher lows), we suspect a test of 1.3690 is highly probable. The first level of resistance are located at 1.3690 (27th Sept high) then 1.3868 (9th Dec high). The next support is located at 1.3491 (25th Jan low), 1.3256 (Dec range floor), 1.3123 (65d MA & Uptrend channel), 1.2931 (11th Dec low), 1.2878 (7th Nov reaction high), 1.2787 (200d MA), 1.2722 (13th Nov pivot high), 1.2630/62 (3rd July high & 100d MA), 1.2463 (31st Aug low), and 1.2386 (14th & 17th Aug high).

Read full story at www.ac-markets.com - SWISSQUOTE BANK