EURUSD: We continue to retain our bullish outlook on EUR and look for it to strengthen further in the days ahead. Though holding above the 1.4441 level, its May 09’2011 high, a close above that level on a daily basis will build more confidence. Further out, resistance stands at its May 06’2011 high at 1.4586 and ultimately the 1.4938 level, its 2011 high. The pair will have to cut through the latter level to resume its long term uptrend now on hold. Its daily RSI is bullish suggesting further strength. Conversely, support lies at the 1.4345 level, its May 20’2011 high. However, the big risk to the pair’s present ... (full story)