The EUR/USD pair has extended its decline to 1.1811, a fresh low for this year, and is poised to lose the 1.1800 mark, FXStreet’s Chief Analyst Valeria Bednarik reports. See: EUR/USD to plummet towards Fibonacci marker at 1.1695 – DBS Bank Key quotes “The preliminary estimate for the EU services PMI printed at 48.8, beating the 46 expected while manufacturing output jumped to 62.4 from 57.9 in February. In Germany, the services index recovered into expansion territory, resulting in 50.8, while the manufacturing PMI came in at 66.6. The encouraging headlines were partially offset by the ongoing lockdowns in the Union.” “In the US Durable Goods Orders resulted much worse than anticipated, falling by 1.1% against an expected 0.8% advance. The core reading resulted at -0.8% vs the 0.5% expected. Later today, US Federal Reserve chief Jerome Powell will reiterate his testimony on the CARES Act before the Senate Banking Committee.” “The risk remains skewed to the downside in the near-term, as the 4-hour chart shows that moving averages maintain their firmly bearish slopes well above the current level. The EUR/USD pair needs now to lose the 1.1800 threshold to resume its decline.” 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 Silver bounces at $25.00 mark despite stronger USD, likely driven by profit taking FX Street 1 year The EUR/USD pair has extended its decline to 1.1811, a fresh low for this year, and is poised to lose the 1.1800 mark, FXStreet's Chief Analyst Valeria Bednarik reports. See: EUR/USD to plummet towards Fibonacci marker at 1.1695 - DBS Bank Key quotes "The preliminary estimate for the EU services PMI printed at 48.8, beating the 46 expected while manufacturing output jumped to 62.4 from 57.9 in February. In Germany, the services index recovered into expansion territory, resulting in 50.8, while the manufacturing PMI came in at 66.6. The encouraging headlines were partially offset by the ongoing lockdowns in 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.