EUR/USD extends losses below 1.1400 amid USD rebound. ECB rate cut expectations this week undermine the EUR. Focus on EU GDP and risk sentiment for fresh impetus. EUR/USD extends the Asian retreat below the 1.1400 level into early European trading, as the US dollar recovery gathers steam across the board, with bears now targeting 1.1300 ahead of the Eurozone GDP release. The risk recovery remains the key theme in Asia this Tuesday, as market mood improves amid a relief rally seen in the US Treasury yields and S&P 500 futures that mainly lifted the greenback broadly higher from the lowest level since September 2018 reached on Monday at 94.66. The major also remains pressured by the increased odds of a rate cut likely to be delivered by the European Central Bank (ECB) this Thursday, which undermines the sentiment around the shared currency. Its worth noting that Eurozone money markets now price in two rate cuts from the European Central Bank (ECB) by June vs. one last week. This comes in an effort to combat the economic fallout from the coronavirus outbreak. Further, a bigger-than-expected drop in the Eurozone Sentix Investor Confidence for March, a lead indicator, also continues to remain a drag on the EUR. Looking ahead, the immediate focus remains on the Eurozone final GDP revision while the broad market sentiment and USD dynamics will continue to play a pivotal role amid persisting virus risks. EUR/USD technical levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EOS Price Analysis: EOS/USD nurtures a bullish reversal eyeing $5.5 FX Street 3 years EUR/USD extends losses below 1.1400 amid USD rebound. ECB rate cut expectations this week undermine the EUR. Focus on EU GDP and risk sentiment for fresh impetus. EUR/USD extends the Asian retreat below the 1.1400 level into early European trading, as the US dollar recovery gathers steam across the board, with bears now targeting 1.1300 ahead of the Eurozone GDP release. The risk recovery remains the key theme in Asia this Tuesday, as market mood improves amid a relief rally seen in the US Treasury yields and S&P 500 futures that mainly lifted the greenback broadly higher from the lowest level… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.