EUR/USD hits session highs as US dollar keeps lower

March 26, 2021

The EUR/USD pair is pushing to highs on the day @ 1.1795 amidst increasing pressure around the dollar. The pair bounced from lows around 1.1760.

Sellers coped to break beneath 1.1800 on Thursday. Still, there hasn’t been much follow-through.

All things considered, sellers are still in control. Price is holding under its 200-day MA @ 1.1857. So, if sellers can keep under 1.1800 today, it creates the possibility for a downward trend to the September and November lows nearer to 1.1600.