ADS Securities analysts have updated their views on the Euro pair. Despite the latest developments in the EU, the team sees Bullish EURUSD on Intraday.
30 March, ADS Securities – The EURUSD pair declined considerably for the second consecutive session yesterday following a report by Reuters stating that the European Central Bank (ECB) policymakers remained cautious of changing their policy message in the next month.
Bullish EURUSD on Intraday
The pair posted a daily close at 1.0766, after notching a low at 1.0738. On the 1H chart, the pair is currently trading with an upward trend, ahead of the inflation data in Germany to be released later in the day. Also, the MACD indicator is trading in the positive territory, further affirming the above stance.
Key resistance is located at the 1.0760 level, followed by the 1.0775 and 1.0785 levels. A break above the latter might lead to further bearish momentum in the pair. Conversely, key support is seen at the 1.0735 level, followed by the 1.0725 and 1.0715 levels.
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