EURUSD - DXY recovers - selling pressure breaks support.

63
( EURUSD) trend forecast April 02 , 2026

European and American sessions

💬EUR/USD failed to build on gains from the prior two sessions — having hit the weekly high yesterday — and came under heavy selling in the Asian session on Thursday, slipping beneath 1.1550 as renewed safe‑haven demand for the US dollar emerged after President Trump’s Iran remarks undermined hopes of de‑escalation. In an address, Trump warned Iran could be “hit extremely hard” over the next two‑to‑three weeks and suggested energy infrastructure could be targeted, sparking a sharp oil rally and heightening inflation concerns. Those dynamics have reinforced bets on a Fed rate hike and provided additional support to the USD, weighing on the EUR/USD cross.

💬 Tensions in the Middle East are expected to remain quite high for the next one to two weeks. Investors are confident in their USD reserves, creating some selling pressure on currency pairs linked to the USD.

💬Observing the H1 chart, the price tends to break through the support level of 1.15800 and continue to fall.
❄️EMA
❄️Volume
❄️Fibonaccy
❄️Trendline
❄️breakout H1

🥇 resistance ( supply zone ) : 1.15750 ( signal SELL )
🥇support ( demand zone ): 1.15150 ( signal BUY )


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