EUR/USD Price Analysis: Upside still targets the 200-day SMA

EUR/USD is facing some renewed selling bias on Monday.
The near-term target remains at the 200-day SMA near 1.1030.

EUR/USD’s decent recovery managed to briefly surpass the key 1.10 barrier on Friday, losing some momentum soon afterwards.

A breakout of this initial area of resistance should open the door to a potential visit to the late March tops in the mid-1.1100s.

In the same line, the downside pressure is expected to mitigate further if the 1.1030/35 band is cleared in a sustainable fashion.

EUR/USD daily chart

May 4, 2020

BNM could reduce rates further later this year – UOB

Bank Negara Malaysia (BNM) is expected to refrain from acting on rates at Tuesday’s meeting, although extra easing should not be discarded later in th

USD/JPY: Decline to speed below 106.35

The USD/JPY pair is neutral-to-bearish and could accelerate its decline below 106.35, according to FXStreet’s Chief Analyst Valeria Bednarik. Key quot