Sasha Singh
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Which Way EURUSD is Heading?

The pair currently seems bearish as it is trading below 50 day, 100 day and 200 day SMA’s. Particularly 100 day SMA seems like acting as a key resistance for the pair as we can see on the hourly chart, it tried to push the pair down couple of times. Now pair should continue to follow sideways trend for a while and find support from 1.3808. Overall the pair fell in thin trade on Good Friday. Within this sideways pattern the pair should continue to fall from current resistance level and move up from 1.3808.