FxWirePro: EUR/USD key support at 1.0960, buy deal are recommended around 1.0980

The pair has found renewed bullish momentum after breaking strong resistance at 1.0960 and is moving upwards to test next resistance level at 1.1040.

• The pair is trading around 1.1025 levels and it is expected advance further towards 1.0120 and 1.0200 levels in the short term.
• Short pullback around 1.0980 should be taken as buying opportunities, as Euro is stronger against the US dollar in intraday trading.
• To the upside, the strong resistance can be seen at 1.1073, a break above this level would take it to upside to next resistance level at 1.1122 handle.
• To the downside immediate support can be seen at 1.1011, a break below this level will take the pair to next level at 1.0900 levels.

Recommendation: Go long around 1.0980, targets 1.1120, 1. 1180, SL 1.0900

Resistance Levels

• R1: 1.1040 (Daily high) 
• R2: 1.1073 (Feb 26th high)
• R3: 1.1122 (38.2 % Retracement Level)

Support Levels

• S1: 1.1011 (50 % Retracement Level)
• S2: 1.0960 (Feb 24th lows)
• S3: 1.0900 (61.8 % Retracement Level)