EUR/USD keeps its head above 1.38

FXStreet (Bali) - EUR/USD trades on a quiet tone along a thin Asian session, with interest to engage in trading activities very low as the Easter holiday extends.

Over the weekend, despite fresh headlines in the Ukraine crisis, with pro Russian forces refusing to give up arms in key strategic regions, the EUR/USD has so far shrugged off the news.

As Valeria Bednarik, Chief Analyst at FXStreet, notes: "Overall, there had not been much forex related news over the weekend besides continued tension in the Ukraine/Russia conflict. So far, the situation has not been enough to trigger a run to safety albeit the risk of such is pretty high, and should not be disregarded."

Technically, Bednarik interprets the short term picture as neutral, adding "it will likely remain so over the upcoming hours, with immediate support comes at 1.3780 strong Fibonacci level, while 1.3825 caps the upside in the short term."