After a one-day of correction, EUR is now back above the 1.3757 level, its Jan 27'2011 high and the 1.3785 level, its Nov 22'2010 following a strong rally in today's trading session. This development has left the pair aiming at a further strength towards the 1.3970 level, its Nov 09'2010 high with a cut through there targeting the 1.4280 level, its 2010 high. Its daily RSI is bullish and pointing higher supporting its current strength. On the downside, support lies at 1.3783/57 level where resistance is expected to reverse role as support. Further down, support lies at the 1.3569 level, its Jan 31'11 low followed by the 1.3494 level. A reversal of roles is envisaged at that level but if breaks, further declines should occur towards its Jan 17'2011 low at 1.3245.

 /