This week will be particularly important for the EUR/USD, as we will have several macroeconomic data releases regarding the US and the FOMC decision on Wednesday. The weak performance of the equities has been benefiting the US dollar, which has managed to exert pressure on the euro.
However, on the daily chart, we can see that the price has been able to slow down the downward movement near the lower channel boundary. Furthermore, the price has already rejected the bottom of the channel twice. If the price continues to be traded above the channel, the short-term upward movement should be considered.
Daily time frame chart. Source: xStation 5
In the chart of the US dollar index and TNOTE, we can see that the divergence continues. Furthermore, we observe that the upward momentum in the US dollar index is beginning to lose strength, which could support the recovery of the EUR/USD pair
TNOTE and USDIDX Daily time frame chart. Source: xStation 5
Currency Strength. Source: currency-strength.com
Henrique Tomé,Analyst Portugal
Three Markets to Watch in the Week Ahead (03.04.2026)
Daily Summary: A Lull in the Pre-Holiday Calm
EURUSD catches breath before NFP 📈
Morning Wrap: Trump want to send Iran "back to the Stone Age". Indices tumble (02.04.2026)
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
