The Euro closed higher on Friday despite continuing concerns about the Union's growth. On Friday, the EU released February inflation figures, up by 0.3% MoM and 1.5% YoY as expected. US Industrial Production in February, missed the forecast by 0.1% vs 0.4%, although Michigan Consumer Sentiment Index for March beat expectations, jumping to 97.8, but still falling short on triggering dollar's demand by the end of the week. Today will be light in terms of macroeconomic releases, as the EU will release January Trade Balance while the US the NAHB Housing Market Index, both minor reports that usually don't affect the price.
The Euro is attempting to break above 1.1330 (R1), currently testing the 200-day moving average (yellow line). A successful break above this level, we will likely see a 1.1370 (R2) retest. If, however, 1.1340 acts as a resistance then price could pull back towards 1.13 (S1).
Support: 1.13 / 1.1270
Resistance: 1.1330 / 1.1367