EUR/USD Faces Pullback Due to Geopolitical Risks and Data Reports

Friday, 5 April 2024, 08:14

EUR/USD is experiencing a downward trend towards the lower 1.0800s as geopolitical risks, Federal Reserve statements, and German economic data influence the market. The pair was unable to sustain above the key 100-day Simple Moving Average (SMA) at 1.0874, signaling bearish pressure.
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EUR/USD Faces Pullback Due to Geopolitical Risks and Data Reports

EUR/USD Pullback

EUR/USD is trading back down in the lower 1.0800s on Friday after being rejected by bears at the key 100-day Simple Moving Average (SMA) at 1.0874.


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.


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