The
EURUSD
could move closer to the 1.0900 mark over the course of the week.
EUR/USD saw biggest gain on Tuesday in almost one month (+0.3%).
Nothing in the European or US data suggests a directional shift is imminent or justified.
Technically, EUR/USD is attempting cross above 200-DMA (1.0827). If it overcomes this hurdle, the bounce could extend towards the high achieved so far in February near 1.0900/1.0915.
Right now, there is firm support in the 1.0760/1.0770 zone.
The nearest resistance is at 1.0840/1.0850.
Guys, what do you think? Leave a comment with your thoughts.
EURUSD
could move closer to the 1.0900 mark over the course of the week. EUR/USD saw biggest gain on Tuesday in almost one month (+0.3%).
Nothing in the European or US data suggests a directional shift is imminent or justified.
Technically, EUR/USD is attempting cross above 200-DMA (1.0827). If it overcomes this hurdle, the bounce could extend towards the high achieved so far in February near 1.0900/1.0915.
Right now, there is firm support in the 1.0760/1.0770 zone.
The nearest resistance is at 1.0840/1.0850.
Guys, what do you think? Leave a comment with your thoughts.