The Euro is continuing to rally after the initial kick off from weekend’s Macron’s win.ADS Securities present this EURUSD analysis ahead ECB meeting.
26 April, ADS Securities – The Euro traded higher against the US Dollar in the prior session to close at 1.0925, amid rising expectations of centrist Emmanuel Macron to be the next president of France. Moreover, the consumer confidence in the US declined more than expected in April.
EURUSD analysis ahead ECB meeting
At present, the pair is trading with a bullish tone on the 1H chart, suggesting the presence of bullishness in the coming session. Additionally, the MACD is trading flat above its center line, further confirming the above stance. Key resistance is situated at the 1.0970 level, followed by the 1.0995 and 1.1030 levels. A sustained break above the latter might lead to further acceleration to the upside. On the other hand, key support is situated at the 1.0915 level, followed by the 1.0870 level where EMA 55 is trading and 1.0835 levels.
A sustained break above the latter might lead to further acceleration to the upside. On the other hand, key support is situated at the 1.0915 level, followed by the 1.0870 level where EMA 55 is trading and 1.0835 levels.
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