The EUR/USD It has lost more than 30 pips so far this Monday, falling from the intraday high of the Asian session at 1.1771 to the new two-day low recorded in the European morning at 1.1740.
The dollar continues to gain ground after the good US employment figures recorded on Friday. The greenback, measured by its DXY index, has reached 93.11, its highest level since last Thursday, April 1. On the other hand, yields on US 10-year bonds are at 1.718% after hitting 1.727% on Friday after the NFP.
With no European data on the economic calendar for the Easter Monday holiday, investor attention is now focused on the United States, which will release ISM’s March services PMI, alongside February factory orders.
EUR / USD levels
With EUR / USD trading at time of writing above 1.1748, shedding 0.12% on the day, the next support to consider awaits at 1.1712, April 1 low. Further down, a larger drop would be expected if 1.1704, the bottom of March 31 and the last five months, were to break.
On the upside, first resistance awaits at 1.1786, April 2 high. Above, exceeding 1.1800 / 05 would give way to a test of the 1.1851 barrier, the top of March 24.
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