Although EUR maintains a bullish bias into the new week, it has a lot of overhead resistance to clear before returning to the 1.4279 level. The first is the 1.3744 level, its Feb 09'2011 high and then the 1.3859 level, representing its Feb 02'2011 high. Once these key levels are broken, EUR will head towards its Nov 08'2010 high at 1.4083 level and the 1.4281 level traded in early Nov 2010. Its weekly RSI is bullish and pointing higher supporting this view. Alternatively, below the 1.3427 level, its Feb 14'2011 will have to occur to annul its present bullish build up and turn attention to the 1.3245 level and then the 1.3000 level.

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