EUR/USD hit 1.0532 during European morning trade, the session low; the pair subsequently consolidated at 1.0570.The euro was steady against the U.S. dollar on Tuesday, hovering close to one-month lows despite the release of positive euro zone industrial production data, as demand for the greenback remained broadly supported by U.S. rate hike hopes. The pair was likely to find support at 1.0456, the low of March 16 and resistance at 1.0685, the high of April 10.Year-on-year, industrial production rose at a rate of 1.6% in February from a year earlier, compared to expectations for a 0.7% increase and after rising 0.4% the previous month.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.4800 TARGET 1.4820 1.4850 SL 1.4770
SELL GBP/USD BELOW 1.4740 TARGET 1.4720 1.4690 SL 1.4770
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