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FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
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- EUR/USD pared its gain made yesterday after weaker than expected German IFO data. Euro declined almost 60 pips form the today’s high of 1.23543. It is currently trading around 1.22893.
- German ZEW economic sentiment dropped to 5.1 March down from 17.8 compared to forecast of 13.0. Market eyes US FOMC meeting which is to be held tomorrow for further direction.
- The pair is facing near term resistance of 1.2320 (20- day MA) and break above will take the pair till 1.2360/1.2400/1.2435/1.2500. Bullish continuation can be seen above 1.2550.
- On the lower side, near term support is around 1.2260 and any violation below will drag the pair to next level till 1.2200/1.2165.
It is good to sell on rallies around 1.22980-1.2300 with SL around 1.2345 for the TP of 1.2200/1.2165.
