The EUR/USD pair has pulled back from its intraday high of 1.0900, but it's still under pressure as traders look for fresh clues to continue the uptrend that has lasted for four weeks. This is likely due to the Easter Monday holiday mood and anticipation of upcoming top-tier events and data releases this week.
Traders are feeling optimistic about EUR/USD prices, and this can be attributed to concerns about the US Dollar's status as a reserve currency, as well as the more hawkish comments from the European Central Bank (ECB) compared to the Federal Reserve (Fed).
While we may not see many big movements during the Easter Monday holiday, upcoming events such as the US Consumer Price Index (CPI) data and the latest Federal Open Market Committee (FOMC) Monetary Policy Meeting Minutes will be essential in providing clearer direction for the EUR/USD pair.