The Euro is maintaining at a one-month high versus the U.S. Dollar early Thursday on the optimism the conflict in Ukraine would be entering a new de-escalating phase. Meanwhile, U.S. Treasury rates declined for a fourth session, making the dollar a less-attractive investment. Following weeks of sideways-to-lower market movement, the Euro rose this week on aggressive short-covering, as U.S. Dollar speculators liquidated safe-haven long dollar holdings as tensions eased in Ukraine. This means future Euro gains would be contingent on more favorable developments in the area.
1.11510 is support, while 1.11780 is a level of resistance. The Pivot Point at 1.11680 is placed between the lines of support and resistance, and the price is now above it. The EMA of 10 is moving in a bullish manner crossed the EMA100 and 200 moving in a slight bullish trend. The MACD histogram is in positive area, and the RSI is moving upward to the 70 points. There is little movement in the Stochastic which is located in overbought area. There is a rising signal in ADX.

• There is resistance at 1.11780, followed by resistance at 1.11950 and 1.12050.
• There is support at 1.11510 Below, there is 1.11410 and 1.11240.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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