The EUR/USD pair has become particularly volatile over the past few sessions. After the euro reached new highs this year against the US dollar, nearing 1.12 euros, the pair eventually started to decline again.
However, when we analyze the currency pair on the daily chart, we can see that the price has been slowing down, and the buying strength is picking up near the 50-period EMA (Exponential Moving Average). This will be an important zone to understand whether the euro might (or might not) resume its upward trend against the US dollar.
EUR/USD, Daily Time Frame Chart. Source: xStation 5
Curiously, when we analyze the chart of the US dollar index, we can see that the index is also testing the 50-period moving average on the D1 (daily) chart.
USDIDX, Daily time frame Chart. Source: xStation 5
Henrique Tomé,
Analyst at XTB 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.
