Session Recap: EUR/USD extends somehow its decline below 1.3800

FXStreet (San Francisco) - Despite Monday was a quiet session, the EUR/USD performed a somehow volatile day as the pair traded as high as 1.3830 in the European session and 1.3785 in the American morning. Yes, not a too big movement at all, but it was decent if you look into the chart.

Overall, the EUR/USD declined for third day -sixth time in the last seventh sessions-. Since April 11th, the pair lost 115 pips from 1.3900 to test 50% Fibo retracement of the April 4th-11 rally.

"Ahead of Asian opening, the EUR/USD hourly chart shows a mild bearish tone, with price below its moving averages and indicators heading lower in negative territory," FXStreet Chief Analyst Valeria Bednarik comments in a recent report. "Albeit holding above key 1.3780 support, showing little aims to extend its slide."

On the other hand, the GBP/USD attempted to recover the 1.6800 area but the pair was unable to hold prices as the pair closed just at 1.6790, still positive. The USD/JPY extended gains for sixth day in the last seven as the pair closed at 102.60.

Main headlines in the American session

Chicago Fed national activity index as expected at 0.20

US: CB Leading Indicator growth picks up to 0.8% in March

Wall Street opens the week with positive note