EURUSD hits the highest levels since late 2021 on fresh wave of risk aversion

EURUSD surged through 1.15 barrier and hit new multi-year high as effect from worsening fundamentals was boosted by holiday-thinned market on Easter Monday.

The latest escalation of trade war further deflated dollar and provided more support to the single currency, which became replacement to the US currency in growing migration into safety.

Bulls eye round-figure barrier at 1.1600, November 2021 peak at 1.1616 and Fibo 76.4% of 1.2349/0.9535 downtrend at 1.1685, as technical picture remains bullish and deteriorating fundamentals continue to fuel advance.

The EURUSD is in strong bullish acceleration for the third consecutive month and on track for the biggest monthly gain in April since September 2010.

Res: 1.1573; 1.1600; 1.1616; 1.1685
Sup: 1.1473; 1.1412; 1.1390; 1.1275