With a decisive break and hold above the 1.3859 level, representing its Feb 02'2011 high the past week, further upside strength is now developing towards its Nov 08'2010 high at 1.4083 and then the 1.4281 level traded in early Nov 2010. A breach of that level will resume its long-term uptrend. Its weekly RSI is bullish and pointing higher suggesting further strength. Alternatively, support lies at the 1.3859 level with a break of there turning risk towards the 1.3710 level, its Feb 28'2011 low and then the 1.3427 level, its Feb 14'2011. All in all, with continued strength seen, EUR looks to build on further gain.
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