Economic Calendar Analysis
On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar.
EUR/USD hourly chart
An extension of the upwards move might be slowed down by the 1.1000 mark, before the high levels near 1.1070 are reached.On the other hand, a decline of the Euro against the US Dollar could look for support in the 1.0940 and 1.0920 level, prior to reaching the 1.0910 level's support and the 1.0900 mark.
Hourly Chart
EUR/USD daily chart's review
On the daily candle chart, the pair has retraced and declined below the last year's April high. If the rate starts a broad decline, support might be found in the 55 and 100 day simple moving averages near 1.0760.Daily chart
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Traders are shorting
Since Wednesday, trader open positions were bearish, as 59% of open position volume was in short positions.
Meanwhile, trader set up pending orders in the 100-pip range around the pair were 52% to sell the Euro against the USD.