By the middle of Tuesday's GMT trading hours, the rate had made three attempts to pass the 1.1680 mark.
Economic Calendar Analysis
On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could cause a move. For example, the EUR/USD has moved from 5.5 to 24.8 pips on the announcement.
On the same day, at 12:30 GMT the US are publishing Final GDP data. This once per quarter event has caused moves from 5.2 to 31.9 pips.
The 31.9 pip move was an anomaly caused by the coronavirus in March. If one excludes it, the range of moves is 5.2 to 12.8 pips.
On Thursday, as always the US Unemployment Claims at 12:30 GMT might cause a minor move of around ten pips.
The week will end with a monthly data release. The US Average Hourly Earnings, Non-Farm Employment Change and the Unemployment Rate are scheduled for 12:30 GMT. The event has caused moves from 19.4 to 51.8 pips on the EUR/USD charts.
Click on the link below to find out more about the data releases.
EUR/USD hourly chart's review
The EUR/USD was expected to continue to test the resistance of the 1.1680 mark.In the case of the 1.1680 failing to hold, the currency exchange rate would aim at the resistance levels at the 1.1700 level. Note that this level could be strengthened by the 200-hour SMA, which on Tuesday morning was located at 1.1725.
Moreover, if the 1.1700 resistance would be broken, the pair could reach for the monthly pivot point at 1.1767.
On the other hand, if the 1.1680 level holds, the pair would look for support in the 55 and 100-hour simple moving averages at 1.1652 and 1.1659.
Hourly Chart
On the daily candle chart, Dukascopy analysts added a channel down pattern, which represents the rate's decline that has been occurring since the second part of August.
Note that the pattern's lower trend line was about to be supported by the 100-day SMA.
Daily chart
Read More: Technical Analysis
Traders remain neutral
Since the previous Wednesday, on the Swiss Foreign Exchange trader open position volume was balanced. Namely, 50% of all volume was in short positions and the other 50% was in long positions.
On Tuesday, the sentiment slightly changed, as 51% of volume was short.
Meanwhile, trader set up pending orders in the 100-pip range around the pair were 63% to sell the pair.
Previously, the orders were 63% to buy.