In long-term trends, after this increase, we would be buyers and we believe that pair can go as high as 1.15 handle given enough time, especially if we see decisive break above 1.13 handle. We have no interest in selling at the moment, as we believe that there is significant amount of support for this pair all the way to 1.1050 level, from where pair could easily bounce out.
EUR/USD Daily Forecast - 30 March
After it was initially pushed lower, euro found area around 1.1170 level to be supportive enough in the course of the yesterday's session, and was then pushed higher all the way above 1.1250 level after dovish comments coming from Fed Chair Janet Yellen. As for tomorrow, we can expect some amount of support around 1.12 level, at least initially and resistance at 1.1330 and above 1.1240 level in extension, so this is where we would consider placing short-term selling bids.
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