Thin liquidity and no macro drivers keep the recovery in check. USD index retreats from 2-week highs on Mueller’s report. Consolidation mod to extend ahead of US housing data. The bulls lack further momentum in the European session, sending the EUR/USD pair back into the familiar range between 1.1240-50 levels, as they await the US housing sector data for some trading impetus amid Easter holiday-thinned quiet trading. The spot attempted a tepid bounce from the weekly lows of 1.1227 after the Euro got hammered across the board on disappointing German and Eurozone manufacturing PMI numbers that re-ignited Euro area growth concerns. Adding to the downside in EUR/USD, the US dollar caught a fresh bid-wave across the board on above-forecast US retail sales data. The macro data divergence between the Eurozone and the US continues to remain in favor of the USD bulls. Looking ahead, the recovery attempt in the pair, courtesy of broad USD pullback on Mueller’s report, appear shallow, as the technically the pair remains exposed to the downside risks, with the yearly lows at 1.1177 seen as the next likely target. More so, the recent in-fighting within the Italian government over the graft scandal could also weigh negatively on the shared currency and keep the upside attempts limited. Italy’s Di Maio: Italy’s League threatening to bring down government Meanwhile, markets eagerly await the US housing starts and building permit data to bring some life to the otherwise Good Friday holiday-thinned/ data-dry trading session. EUR/USD Technical Levels 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 WTI kept its range near 2019 tops ahead of Easter weekend FX Street 4 years Thin liquidity and no macro drivers keep the recovery in check. USD index retreats from 2-week highs on Mueller's report. Consolidation mod to extend ahead of US housing data. The bulls lack further momentum in the European session, sending the EUR/USD pair back into the familiar range between 1.1240-50 levels, as they await the US housing sector data for some trading impetus amid Easter holiday-thinned quiet trading. The spot attempted a tepid bounce from the weekly lows of 1.1227 after the Euro got hammered across the board on disappointing German and Eurozone manufacturing PMI numbers that re-ignited Euro area growth… 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.
