EUR/USD Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The EUR/USD currency pair has demonstrated sustained bullish momentum throughout the month of April, consistently trading above its key simple moving averages—a sign of a strong underlying uptrend. This upward bias reflects improving sentiment around the euro, likely supported by easing inflationary pressures in the Eurozone and a more stable economic outlook compared to earlier in the year.



On the downside, market volatility—possibly driven by macroeconomic data releases or shifts in central bank policy expectations—could result in a short-term pullback. In that case, the pair may find initial support around 1.1160. A break below this level would expose the next key support near 1.0900, a zone that has historically attracted strong demand.

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