EURUSD’s rise from 1.1876 extends to as high as 1.3006 level. Further rally is still possible next week and next target would be at 1.3200-1.3300 area. Support is at 1.2700, as long as the pair stays above this level, uptrend will continue.
For long term analysis, EURUSD formed a cycle bottom at 1.1876 level on weekly chart. Bounce towards 1.4000 is expected in next several months.
