Economic Calendar Analysis
Next week, on Wednesday, the US ISM Services PMI at 14:00 GMT might impact the pair through the value of the US Dollar.
On Friday, one of the top events of the month will take place. At 12:30 GMT, the US employment data sets are scheduled to be released. The release will consist of the US Average Hourly Earnings, Non-Farm Employment Change and the Unemployment Rate.
EUR/USD hourly chart
At mid-day on Friday, the pair was located in the middle of the range near the 1.0200 mark. A potential decline would look for support in the 1.0097/1.0115 zone, before approaching parity and the weekly S2 simple pivot point at 0.9990.On the other hand, a recovery of the Euro against the US Dollar would have to pass the 1.0255/1.0258 zone, before approaching the weekly R1 simple pivot point and the 1.0300 mark.
Hourly Chart
EUR/USD daily chart's review
On the daily candle chart, the pair has been trading around the 1.0200 mark throughout the second half of July. Meanwhile, the pair remains in a broad 2022 channel down pattern.Daily chart
Read More: Technical Analysis
Traders are long on EUR/USD
On Thursday, on the Swiss Foreign Exchange, trader open positions were bullish, as 60% of open position volume was in long positions.
Meanwhile, trader set up pending orders in the 100-pip range around the pair were 53% to buy the Euro against the USD.
On Friday, traders were 62% long and orders were 58% to buy.