EUR/USD remains soft amid the Good Friday holiday in major markets. The pair’s pullback from the monthly resistance line portrays further declines. An upside break needs validation from 200-bar SMA. While taking a U-turn from the short-term resistance trend line, EUR/USD drops to 1.0920 amid the early Friday morning. Although the pair’s pullback moves from key resistance signals further declines, Good Friday holidays in most markets seem to limit the pair’s performance. Even so, 23.6% Fibonacci retracement of March month fall, around 1.0840/35 stays on the sellers’ radars. However, an ascending trend line from March 22, near 1.0810 now, could limit the pair’s further downside. On the upside, the pair’s sustained break of 1.0935 trend line isn’t going to recall the buyers as 200-bar SMA surrounding 1.1015 offers an additional upside barrier. EUR/USD four-hour chart Trend: Pullback expected 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 China’s CPI rises 4.3% YoY in March, misses estimates FX Street 2 years EUR/USD remains soft amid the Good Friday holiday in major markets. The pair’s pullback from the monthly resistance line portrays further declines. An upside break needs validation from 200-bar SMA. While taking a U-turn from the short-term resistance trend line, EUR/USD drops to 1.0920 amid the early Friday morning. Although the pair’s pullback moves from key resistance signals further declines, Good Friday holidays in most markets seem to limit the pair’s performance. Even so, 23.6% Fibonacci retracement of March month fall, around 1.0840/35 stays on the sellers’ radars. However, an ascending trend line from March 22, near 1.0810 now, could… 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.
