Forecast and technical analysis EURUSD on April 04, 2018.

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EURUSD: euro to come under pressure until trading closes in Europe

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On Tuesday the 3rd of April, trading on the euro/dollar pair closed down. The daily patterns from the 2nd and 3rd of April are very similar, although the fundamentals behind them are different. In Europe on Monday, buyers reached a new session high before sinking to new lows. Then, on Tuesday, the euro jumped to 1.2335 before dropping to 1.2254 (-81 pips).

Forecast and technical analysis EURUSD on April 03, 2018.

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EURUSD: euro correcting yesterday’s drop

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On Monday the 2nd of April, trading on the EURUSD pair closed down. The single currency rose during the European session to 1.2345. The main factor behind the dollar’s decline was the decision by Chinese authorities to impose import tariffs on US products.

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