Euro kept to a small range but received a boost from rising oil prices late in the day. The dollar traded near a one-month low against the Euro on speculation U.S. reports today will show falling house prices eroding confidence among consumers. Looking ahead for the German consumer confidence along with German final GDP for the first quarter.
Tech view:
EURO is seen on a bullish note 1.5730-1.5840.With good support seen at 1.5720 and key resistance for the currency is seen at 1.5860 levels. Momentum is seen trending up and stochastic is also supporting the bullish move. Chart pattern shows the upper break in the apex formation confirming the bull run.
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