EUR/USD has been under pressure amid a sour market mood. The reaction to jobless claims and the EU Summit may push the pair lower, Yohay Elam, an Analyst at FXStreet, reports. Key quotes “Concerns about rising cases in the old continent and the sluggish vaccine campaign are left, right, and center for EU leaders convening in the next few hours. If they point fingers at AstraZeneca and the UK – and take further steps such as halting shipments of vaccines – pressure on the euro would intensify. On the other hand, a more conciliatory approach – in line with the initial statement about a win-win for both sides – would be positive for the common currency. The summit may go into the night.” “The greenback is benefiting from upbeat figures. US Gross Domestic Product was upgraded from 4.1% to 4.3% annualized in the final read for the fourth quarter of 2020. More importantly, jobless claims dropped to 684,000 in the week ending March, exceeding expectations as well.” “Investors await more details about President Joe Biden’s massive infrastructure plans that will be officially presented last week. If Biden goes big, the dollar has more room to rise.” “The Relative Strength Index on the 4-hour chart is just above 30 – thus outside the oversold territory. That, alongside downside momentum, is fueling the bears.” 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 Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin downward pull deepens despite growing institutional interest FX Street 1 year EUR/USD has been under pressure amid a sour market mood. The reaction to jobless claims and the EU Summit may push the pair lower, Yohay Elam, an Analyst at FXStreet, reports. Key quotes "Concerns about rising cases in the old continent and the sluggish vaccine campaign are left, right, and center for EU leaders convening in the next few hours. If they point fingers at AstraZeneca and the UK - and take further steps such as halting shipments of vaccines - pressure on the euro would intensify. On the other hand, a more conciliatory approach - in line with the… 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.