With another fresh rally seeing EUR closing higher the past week, the risk is for the pair to strengthen further. This development now leaves the pair targeting the 1.3282 level where a violation will call for a move further higher towards its weekly ema at 1.3415 level. Its weekly RSI is bullish and pointing higher suggesting further strength. Conversely, support lies at the 1.3000 level, followed by the 1.2950 level. A breather may occur and turn the pair back up but if this fails to occur, expect the pair to decline further towards the 1.2692/1.2748 levels where a reversal of roles could occur. Further down, support lies at the 1.2442 level. All in all, EUR continues to face upside threats.

"Weekly