EUR-USD analysis update

By | 13 March 2017

The cross on most traded currencies, Euro-Dollar, is around 1.065 in these days. Quarterly candles chart above shows a strong support around 1.035. Obviously if it goes below that support it depends on the Fed’s decisions in the next few days (the intention is to raise interest rates) and the following action by ECB due to timid return of inflation in the eurozone.

At the monthly level, the situation is very similar with resistance around 1.15.

In short period (daily candle on the chart above) the resistance to be tested is located in 1.07 area and the support is located in 1.05 area.

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