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The EUR/USD pair is trading around 1.1627 above the 21 SMA and above -1/8 Murray, so it is expected to continue rising in the coming days and could reach the 200 EMA around 1.1735. It could even reach the 1/8 Murray around 1.1840.
The euro left a gap around 1.1820 on February 27, so it is expected to continue rising in the coming days until it reaches these resistance levels, so we will look for opportunities to buy around 1.1601.
If the euro falls below 1.1600, we can expect a bearish continuation, and EUR/USD could reach the -2/8 Murray around 1.1474.
Given that the Eagle indicator reached extremely oversold levels and has since been giving positive signals, any pullback will be seen as an opportunity to buy in the coming days.
The euro is expected to continue rising in the coming days, so we anticipate a sharp break above the downtrend channel around 1.1680. Then, we could expect the instrument to reach the 200 EMA around 1.1735 and finally, cover the gap left at the end of February around 1.1820.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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