A strong rebound Friday to reinforce the aggressive rally post FOMC, and reject the sell off Thursday, but still capped by firm barriers up at 1.1125 and 1.1249.
We now see bias for an erratic consolidation theme early this week, but whilst below these resistances, we would look for a bear trend resumption into April.
For Today: We see a neutral tone between 1.0919 and 1.0754.
- Break above 1.0919 aims for 1.1036.
- Break below 1.0754 aims for 1.0656.
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1 Hour EURUSD Chart