FX.co ★ Technical analysis of EUR/USD for March 30, 2022

The EUR/USD pair faces resistance at 1.1171, while strong resistance is seen at 1.1220. Support is found at 1.1085 and 1.1031 levels.

Today, the EUR/USD pair continues to move upwards from 1.1085 level. The pair could rise from 1.1085 level to the first resistance around 1.1171.

In consequence, if the EUR/USD pair will break resistance at 1.1171, this level will continue into the second resistance 1.1220.

In the H1 time frame, the 1.1220 level is expected to act as major resistance. Hence, we expect the EUR/USD pair to continue moving in the bullish trend from 1.1220 level towards the target at 1.1264.

In the long term, if the pair succeeds in passing through 1.1171 level, the market will indicate the bearish opportunity above 1.1171 level in order to reach the second target at 1.1171 and third target around the spot of 1.1264.

However, the 0.7342-0.7400 mark remains a significant support zone. Thus, the trend will probably rebound again from 1.1085 level as long as this level is not breached.

In overall, we still prefer the bullish scenario above the area of 1.1085.