Looking at the EU chart we can see that the Market made a Trend Shift to the Upside at the beginning of the month of march, for todays present price action i can see a nice bullish move where price can potentially be heading to 1.12000 Level because if we take a look at the Price Action, a nice Support level was created at the 1.08000 Level where after creating the support price made some solids confluences like : a Break and Retest of 1.08, if you scale to the daily timeframe chart you can see a clean Higher Low with the confirmation price has totally rejected 1.08 level thanks to that weekly close where it closed above the highs, now price is currently at a Key Area where i can see buyers start to get in or i can even see Price Retesting 1.08 before it starts moving to 1.12 because we also have Monthly Resistance 1.10 that usually price hesitates to break but with the momentum price is printing most likely price will start pushing from the key area, all will depend of the price action we get this week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.