- EUR/USD is trading in narrow range between 1.23119 and 1.23323 in today’s session on account of Easter Monday. The pair hits low of 1.22832 on Thursday and shown a minor recovery from that level. With no macro-economic data to be released during Europe and market eyes US ISM manufacturing index data for further direction. It is currently trading around 1.23307.
- Markets are expected to trade quiet as most countries are still on holiday.
- The pair is facing minor near term support is around 1.2280 and any break below will drag the pair down till 1.2260/1.22390. Overall bearish continuation below 1.2165.
- On the higher side, near term resistance is around 1.2340 and any violation above will take the pair to next level till 1.2370/1.2400/1.2435.Major bullishness only above 1.2550.
It is good to buy on dips around 1.2315-20 with SL around 1.2280 for the TP of 1.2380/1.2435.
