EURUSD Stalls at Resistance, Downside Likely as Volume Returns
Over the past week, the price has been stuck in a large trading range with no direction. I think this pause was more related to low volume since Friday was also “Good Friday” and both the US and London markets were closed.
EURUSD tested the resistance zone on Wednesday and it seems that the top has already been reached at 1.1630.
I think that on Monday and Tuesday with the increase in trading volume, EURUSD should fall further to 1.1455 after this small pause.
You may find more details in the chart.
Thank you and good luck! 🍀
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