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


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



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