The EUR/USD pair trades uneventfully in a holiday-thinned session, hovering around the 1.0780 level.
EUR/USD Current price: 1.0779 Most European markets celebrate Easter Monday, maintaining major pairs within tight ranges. After the American opening, the United States will release the March ISM Manufacturing PMI. EUR/USD nears March low at 1.0767 with a firmer near-term downward tone. Most Asian and European markets were closed on Easter Monday.
S&P Global will release the final estimate of the Manufacturing PMI for the same month, previously at 52.5. EUR/USD short-term technical outlook The EUR/USD pair is confined to a 20 pips range below 1.0803, the 61.8% Fibonacci retracement of the 1.0694/1.0981 rally, suggesting bears retain control. Technical readings in the daily chart support a downward extension as technical indicators grind lower within negative levels. Indicators lack bearish momentum amid the absence of volume.
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