EUR/USD is testing the key 200-day SMA on Friday after recapitulating over the prior sessions.
The pair is poised to break below key support levels as key central bank figures line up to speak.
Their commentary could impact expectations of when future interest rate cuts may take place.
EUR/USD is trading a quarter of a percent down on Friday, in the lower 1.0800s just below the 200-day Simple Moving Average (SMA). The pair has seen increased volatility since the Federal Reserve (Fed) policy meeting on Wednesday. The release of Eurozone and US flash PMI data for March on Thursday caused further volatility after the data showed the US economy in better shape than that of the euro area.
As traders wrap up for the weekend there is a heightened possibility of further moves as a roll call of central bank speakers take to the pulpit to share their views on Friday – from both the European Central Bank (ECB) and the Fed
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