FxWirePro: EUR/USD trades flat on Easter Monday, good to buy on dips
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 d…
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.
