During the Asian session, the EUR/USD pair is trading in a correction trend at 1.1388. The euro has returned to a negative trend, while the American currency is recovering after contradictory statements by US President Donald Trump.

Growth is possible.

On the daily chart, the upward first wave of the highest level 1 of (A) and the correctional second wave 2 of (A) formed, and the third wave 3 of (А) started. Now, the first entry wave of the lowest level i of 3 and the wave (iii) of i are developing. If the assumption is correct, the EUR/USD pair will grow to the area of 1.1800–1.2255. In this scenario, the critical stop loss level is 1.0892.

The European currency is gaining in value in the EUR/USD pair during the Asian session, once again testing 1.1515 for a breakout and updating the record highs of November 2021. Market activity remains quite high, despite the fact that the fundamental background changes only slightly. Many trading platforms are still closed today due to the Easter weekend, so volatility levels are still quite subdued.

The EUR/USD pair is growing for the second month, reaching 1.1380. However, during the Asian session, the upward dynamics slowed down slightly, as investors analyzed the results of the European Central Bank (ECB) meeting.