The euro rallied slightly during Friday’s trading session, and what would have been an extremely limited negotiation on Good Friday. In the end, it’s a market that will continue to see a lot of noise, which is typical of this pair as it moves back and forth. However, recently we have seen a lot of volatility eight with wild swings back and forth, but now it looks like the range is starting to narrow a bit, which is a good sign. Frankly, this is one of the most boring Forex pairs to trade normally, as it will just cut back and forth with global direction, like the last two years in which the euro has lost value over the years. time, but more of a zigzag pattern on the descent than anything else.
EUR / USD Video 13.04.20
That said, I think the psychological resistance barrier of 1.10 above will likely attract some attention, as will the 50-day EMA that is currently trading just below. At this point, I would expect to see market turnover. Even if we break above, the 200-day EMA arrives just above this area, so I think between the two moving averages and the psychological significance of this figure will probably put some lid on this market . At the end of the day, I think the market is finally finding some reason to move, and the opening on Monday could be pretty interesting because of the headlines over the weekend.