Important events for today:

30.03 14:30 UTC: USD – Federal Reserve Chair Jerome Powell will give a speech.

The euro is trading around 1.1500 and remains under pressure: investors are moving into the dollar as a safe-haven asset amid uncertainty surrounding the Middle East conflict and risks of energy supply disruptions. Rising oil prices increase inflation concerns and support demand for the dollar, especially at the end of the month.

An additional factor is the expectation that the Federal Reserve will not rush to cut rates until the effect of higher energy prices shows up in US inflation. This keeps US bond yields high and makes the dollar more attractive compared to the euro, even if some of the negative factors are already priced in.

On the eurozone side, support for the euro is limited by the risk of economic slowdown due to expensive energy. At the same time, discussions of potential ECB steps to curb inflation may slow down declines. Today, the key driver is overall dollar demand and geopolitical news.

Recommendations: SELL 1.1500, SL 1.1520, TP 1.1440