The euro is being able to consolidate above the 1.1350 area that during February and March capped the rally. The next technical challenge for the euro is to post a weekly close above 1.1450. Tomorrow in the US, the NFP will be release and it is likely to boost volatility, that could send the pair to test that key level.
A good quarter, a great month
EUR/USD is about to end the first quarter with a gain of 4.75%; all gains were in March, when it rallied and did not retreat (like it happened in February) and actually broke above 1.1350.
A weak US dollar pushed the pair to the upside, particularly during March, despite the decision of the European Central Bank to introduce more stimulus including a rate cut. In the US, the decision of the Federal Reserve to leave rates unchanged, weight on the USD.
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