Tuesday, March 29, 2016

The Euro goes back up

The EUR/USD finds a good support around the 1.1159 level as shown on the daily chart and goes back to the 1.1300 zone. The 1.1300 level could act as resistance and the price could try to bounce to the downside from there. However, if the price breaks the 1.1300 to the upside, then the 1.1400 or the 1.1500 level could act as resistance also. Below the 1.1159 level the next support for the EUR/USD could be the 1.1100. The Non-Farm Payrolls data for Friday could cause the pair to take a clear direction. 


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