• EUR/USD returns briefly to 1.0900 on the header line on Friday.
• The World Trade Organization can investigate whether the US president’s tariff policy is illegal.
• Markets have a sign of relief for the chance to adopt an expenditure account, avoiding closing the US government, later this Friday.

The EUR/USD pair is higher and recovered up to 1.0900 at the time of writing on Friday, removing their leisurely results from this week. The revival in the pair will take place after two headers headers at the end of Thursday. The leader of the Democratic Senate of the United States (USA) Chuck Schumer announced that he is planning to vote for the opening of the government, supporting the funding funds and effectively ending the risk of closing in the USA.

Meanwhile, Canada initiated a complaint to disputes in the World Trade Organization (WTO) and asked to look at the tariff implementation of US President Donald Trump, which may be illegal and contrary to the WTO trade principles, informs Reuters. This would mean a huge failure for President Trump’s plans against mutual tariffs that will come into force in April.

Daily Digest Market Movers: Michigan Problem

• Gold, as a unthreatening asset, violated on Friday $ 3,000 in a rally caused by a recession, because traders are afraid of economic growth and tariff prospects, and mutual fees come in April.
• The University of Michigan has published its preliminary expectations, consumer reading on the march:
  • The index of consumer sentiments in the US has fallen below 60 to 57.9. A great mission against expectations at 63.1 and from 64.7 in February.
  • 5 years of waiting for consumer inflation in the US have increased to 3.9%, covering 3.5% in the last February.
• Actions try to tear off a negative tone this week. All indexes increased by over 0.50% throughout Europe and the United States on Friday.
• The Fedwatch CME tool provides for a 97.0% chance for a federal reserve (FED) for maintaining interest rates in Wednesday’s decision. The chances of reduction of the rate at the May meeting are 32.8%, while they show 78.5% likely to lower rates than levels present in June.
• 10-year income in the US trads around 4.329%, from almost five months of the lowest level 4.10% printed on March 4 and after reaching a five-day maximum on Thursday.

Technical analysis: Support at a key moment

Friday closure is necessary for the EUR/USD pair. In appearance on technical charts, the couple has a good chance of closing above the key line of growing trends (green on the chart below), which offered support on Thursday and Friday. Closing above this line would mean that the 1.1000 psychological level can get to the card by entering the next week.

On the other hand, 1.1000 is a key level to which you should pay attention to. After violating this level, the couple enter the celebrated range 1,1000-1.1500, where it often stays for a long time. Certainly a enormous figure of 11200, which coincides with the maxima of September and October last year, looks captivating in a low test and a possible violation higher.

On the other hand, the trend line growing at 1.0840 should provide support for now. In the event of a crack, the road is open to the head in the 10700 region. The 200-day straight moving average (SMA) around 1.0722 should be the key for traders who want to buy a dip.

EUR/USD: Daily table