Overview of EUR/USD on April 1. Price should rebound soon.

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Incidence continues to pick up in Europe even though sanitary restrictions have been introduced and vaccination is accelerating, albeit slowly.

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EUR/USD

According to Christine Lagarde, the European Central Bank will not change its current monetary policy even though there's an ongoing decline in EUR/USD. This is because the euro is still in an upward trend, and the current decline is only a correction. Soon, the price will rebound and climb upwards again.

In the meantime, keep selling from 1.1870, but be ready for a reversal at 1.1765. That being said, place stop loss at 1.1710.

The material has been provided by InstaForex Company - www.instaforex.com

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