EURUSD will be under the influence of news announcements such as M3 Money Supply y/y and Private Loans y/y for EUR and S&P/CS Composite-20 HPI y/y and CB Consumer Confidence for USD therefore this pair would be more volatile today. EURUSD is staying neutral for now and probably will move upward. The 1.13754 breakout will push the resistance towards 1.1713. Now the support resides at 1.1150 with resistance at 1.1260 and the price is climbing the ascendant channel above the SMA 20. The MACD indicator is also showing the price correction. Buyers can wait for the resistance breakout at 1.1260 and wait for the price expansion.
Technical analysis of EURUSD dated 29.03.2016
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