EURUSD has a sudden bullish trend yesterday. EUR was under the influence of Federal Reserve’s meeting results publication and the government bonds yields which in comparison with the US and Germany had a decline.
At the moment support lies at 1.1227 and resistance at 1.1289. The resistance zone may reach 1.1300 and a breakout from this area can push the price to the neutral zone around 1.1100. As the MACD indicator is in a positive territory the price is expanding. Buyers need to wait for the resistance breakout and after that target 1.13390.
https://fxglory.com/technical-analysis-of-eurusd-dated-17-03-2016/
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