The EUR/USD has been sliding lower since the start of the week. Important economic releases for the US are due shortly and should be monitored.
EUR/USD Forecast
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The US dollar weakens as apprehension over the US Federal Reserve's unlimited support increase and the US Unemployment Claims shocked.
The US Unemployment Claims turned out to be significantly worse than expected. The EUR/USD continues it's upside drift since the start of the week.
The US Federal Reserve has committed to unlimited support for the COVID-19 crisis. The EUR/USD is on an upside drift since the start of the week.
The US dollar continues its surge as sentiment drives economic data aside. Apprehension and risk aversion remain high as the COVID-19 crisis spreads.
The European Central Bank announced a Pandemic Emergency Purchase Program and the EUR/USD continues it's bearish slide from 1.14.