EUR/USD Technical Analysis: Key Levels and Price Movements
Monday, 1 April 2024, 08:32
EUR/USD Technical Analysis
EUR/USD is currently facing a critical juncture as it tests support levels amidst thin trading volume, with the daily chart coming into focus.
Key Technical Levels:
- Sellers: Dragging price down to test the trendline support at roughly 1.0788.
- Break below that level could lead to further downside momentum.
- Buyers: Need to surpass the 1.0800 mark and overcome the 100 and 200-hour moving averages at 1.0809 and 1.0831 respectively.
Both the euro and dollar sides will be influenced by upcoming economic data, highlighting the importance of monitoring technical levels for potential trading opportunities.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.