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    Daily analysis of EUR/USD for March 30, 2016 2016-03-30

    EURUSDH4.png

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    Overview

    The EUR/USD pair trades steadily above the support base formed above the 1.1264 level, keeping the bullish trend scenario valid for the rest of the day. Current stochastic's negativity might lead to retesting of the mentioned level before the bullish bias resumes. We remind you that a break of the 1.1264 level will put the price under negative pressure that might push it to the 1.1120 level before any new attempt to rise.

    The expected trading range for today is the between 1.1200 support and the 1.1420 resistance.


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