Chart of the Day

Chart of the Day.

EUR/USD Further selling pressure expected below 1.1300

Today’s Key Highlights

The Euro failed to break the 1.1325 resistance and declined sharply against the US Dollar.

EUR/USD traded below a crucial bullish trend line with support at 1.1290 on the 4-hours chart.

The US Housing Starts in March 2019 decreased 0.3% (MoM), whereas the forecast was +6.5%.

The US Existing Home Sales in March 2019 could dip 2.3% (MoM), whereas the last was +11.8%.We expecting further selling in EURUSD in Todays trading session due to Easter Holidays we expecting less trading volume.