The EURUSD is likely to add another bearish wave below 1.0670 major resistance level. Previously, the pair edged higher breaking above a solid trading range of 1.0590 – 1.062. Below 1.0670, the pair is expected to fall up to 1.0630 a central support area. On the upside, 1.0675 level instantly seems to serve as immediate resistance, if the pair breaks above this level then it can go for $1.0690. However, selling is recommended in the pair. The Eurozone flash CPI inflation reading declined to 1.5% in March from 2.0% in February.

EUR
German Final CPI m/m
French Final CPI m/m

USD
PPI m/m
Unemployment Claims
Core PPI m/m
Prelim UoM Consumer Sentiment
Prelim UoM Inflation Expectations
Natural Gas Storage

Trading Range:
1.0750 – 1.0500

Support & Resistance Levels
R3: 1.0859
R2: 1.079
R1: 1.0747
Pivot Point: 1.0678
S1: 1.0609
S2: 1.0566
S3: 1.0497

Recommendation
Buy Above:1.0610
Take Profit:
1st @ 1.0640
Stop Loss @ 1.0580

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