29.03.2021 EURUSD euro Currency pair against the US dollar continues to expand the scope of consolidation above the level of 1.1761.
First review of last week’s events: EUR/USD. The dollar has periodically changed its status since the start of the COVID-19 pandemic, becoming a safe haven currency or a risky asset for investors.
31.03.2021 EURUSD euro currency pair against the US dollar met the local target of a wave of decline – 1.1707. Today, we expect to create a scope for consolidation at current lows.
EUR/USD four-hour chart. The currency pair continues to move downwards. Level 1.1780 (1/8) tested. So far, we don’t see reversal signals being created, so after adjusting the four-hour supertrend line, we expect the downward movement to resume and the stock to drop to the main support level of 1.1719 (0/8).