Today, 05:05 AM
Analysis of EUR/USD on April 1, 2026
As mentioned in the previous analysis of the EUR/USD currency pair dated February 11, 2026, there was an expectation of a downward movement based on the AB=CD harmonic pattern, and this scenario has ultimately played out. During this bearish cycle, sellers have successfully pushed the price to its lowest level of 1.14105 to date.An important factor to note is that, with growing optimism about the potential end or de-escalation of the US-Iran conflict, demand for the US dollar as a safe-haven currency is diminishing. This could ultimately weaken or neutralize the dollar’s performance. In general, any factor that diverts attention from the current conflict tends to increase public investment in higher-risk assets, thereby reducing focus on the dollar in the short term.
The overall movement of the EUR/USD pair over the past two months has been downward, but during this decline, the price has stalled at the key level of 1.14650.
At present, the fact that the price has tested this support level twice without breaking it has increased bullish sentiment among traders. Therefore, as long as the upward formation is maintained, the price has the potential to reach resistance levels at 1.16130 and 1.16380.
In the bearish scenario, the support level at 1.14650 needs to be broken in order to diminish bullish expectations. If this occurs, the price may potentially reach support levels at 1.1417, and in a more severe scenario, it could fall as low as 1.13900.