The EUR/USD pair extended its upside pressure the past week opening the door for gain in the new week. On the upside, resistance comes in at 1.2050 level with a cut through here opening the door for more upside towards the 1.2100 level.

Further up, resistance lies at the 1.2150 level where a break will expose the 1.2200 level. Its weekly RSI is bullish and pointing higher, suggesting further strength.

Conversely, support lies at the 1.1950 level where a violation will aim at the 1.1900 level. A break of here will aim at the 1.1850 level. Below here will open the door for more weakness towards the 1.1800. All in all, EUR/USD faces further upside pressure