EUR/USD ran into resistance of the 100- and 200-week MAs at 1.1340 and slid towards 1.1100.
Daily Market Analysis
Information is not investment advice
Today is the day X for the European markets as the European central bank is releasing its monetary policy decision at 14:45 MT time.
After opening the week with a gap up, EUR/CAD formed two inside bars on the D1. This is the sign that the advance has run out of steam.
The decline of USD/CHF from February highs to March lows was epic. The pair then reached support at 0.9185 (2018 low) and turned up.
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After forming a diamond-like top below 1,700, XAU/USD went consolidating. Pay attention to the support and resistance levels!
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The performance of the US stock market has been quite dramatic this week. S&P 500 dropped by 7% four minutes after the US trading session started on Monday.
EUR/USD has reached December high at 1.1240 and is actively testing levels above it. The picture at the chart changes very fast.
If you don’t want to deal with the violent moves of the USD these days, consider crosses, for example, EUR/JPY.