EUR/USD Faces Resistance Near 1.0800 Amid Upcoming Data Releases

Monday, 1 April 2024, 12:58
The EUR/USD pair experienced a downward trend as it approached the crucial resistance level of 1.0800 during the late London session. Traders are keeping a close watch as the pair navigates through resistance barriers ahead of multiple key data releases scheduled for the upcoming week. The market sentiment remains cautious due to the heightened pressure on the EUR/USD pair, signaling a critical phase for traders and investors alike.
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EUR/USD Faces Resistance Near 1.0800 Amid Upcoming Data Releases

EUR/USD Pair Faces Resistance

The EUR/USD pair witnessed a decline following a pullback action near the significant resistance at 1.0800 during the late London session.

Key Data Releases Awaited

Traders are gearing up for a data-packed week with various crucial releases that are anticipated to impact the EUR/USD pair's movements.

  • Market Sentiment: Cautious as pressure mounts
  • Traders Alert: Watch out for key resistance at 1.0800
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