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Mar 14, 2024 10:24 AM

EURUSD H4 14 March 2024 

Euro Fx/U.S. DollarFXCM

Description

EUR/USD, H4 14 March 2024

EUR/USD experienced modest gains, supported by US Dollar depreciation. However, market
sentiment remains mixed as investors weigh macroeconomic outlooks in the Eurozone and the
United States. Anticipation builds ahead of potential borrowing cost adjustments by the European Central Bank (ECB) and the Federal Reserve (Fed) in June.

EUR/USD is trading higher while currently testing the resistance level.Suggesting the pair might extend its gains after breakout


Resistance level: 1.0960, 1.1095📉

Support level: 1.0865, 1.0765📈
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