The euro rose against the dollar snapping a two-day decline traders bet the European Central Bank will keep interest rates at a six-year high this week.
TECH VIEW:
EURO is expected to trade in the range of 1.1.5360-1.5540.With key support seen at 1.5340 and the resistance for the currency is seen at 1.5570.Currency is seen trading below the moving averages but has broken the lower bollingers and is seen trending upwards. Daily stochastic and RSI supports the bull run for Euro for the day.
Pound is expected to trade in the range of 1.9670-1.9780.With good support seen at 1.9650 and key resistance is seen at 1.9790 break of which will see 1.9800.Relative strength index and stochastic are giving clues for the upward correction but trend can be confirmed only with the break of 1.9780 as sterling is seen trading below the fast moving average
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