As the market is still shocked by the ECB results, the ECB predicted a lower inflation for this year and Monetary authorities announced that this year there will be no threat for deflation. Today the US is not releasing any economic data therefore EURUSD will be under the influence of European Market for Today.
In EURUSD chart of H4 the pivot line is marked at 1.1132 following the support which lies at 1.1098 and resistance at 1.1151. The market is signaling a strong buy opportunity and it seems that it may even break 1.15 level. The Ichimoku indicator is also showing the same signal with the price locating above the Ichimoku Cloud and Chinkou Span. While Kijun-sen is showing a horizontal movement, the Tenkan-sen is indicating an upward trend. MACD indicator is showing a price growth as well.
Buyers can mark this moment as their best trading opportunity. However there might be a correction to 1.1050.
https://fxglory.com/technical-analysis-of-eurusd-dated-14-03-2016/
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