EUR/USD Outlook (06 April 2020)

Overall, EUR/USD is trending downwards. Recently, EUR/USD trended lower, tested and rejected the support level of 1.08000.
The eurozone Final Services PMI data (Actual: 26.4, Forecast: 28.2, Previous: 28.4) released last Friday was worse than forecasted.
EUR/USD’s next support level is at 1.08000 and its next resistance level is at 1.10000.