By the start of the days US trading at 14:30 GMT, the rate had reached the support of the 1.1000 mark. In addition, support was being provided by the weekly simple pivot point at 1.0995 and the approaching 50-hour simple moving average.
Economic Calendar Analysis
On Tuesday, at 12:30 GMT, the US Producer Price Index data will be out. Expect minor moves on USD charts.
On Wednesday, at 12:30 GMT, the US Retail Sales and Core Retail Sales data might cause USD moves.
The top event of the quarter is scheduled for 18:00 GMT. At that time, the US Federal Reserve will releases its FOMC Statement and FOMC Economic Projections and the Federal Funds Rate.
Click on the link below to find out more about data releases of this and other currency exchange rates.
EUR/USD hourly chart's review
If the Euro recovers against the US Dollar, the pair would face resistance first in the 200-hour simple moving average at 1.1030. Afterwards, note the 1.1050 and 1.1100 levels. Higher above, the weekly R1 simple pivot point at 1.1126 might stop a surge.However, a decline of the rate below the 1.1000 mark and the technical levels below the round exchange rate level is expected to look for support in the 1.0950 mark and the zone below it. In addition, the 100-hour simple moving average was located near 1.0940.
Hourly Chart
EUR/USD daily chart's review
On the daily candle chart, the rate has encountered resistance in the January and February low level zone above the 1.1100 mark.Daily chart
Read More: Technical Analysis
Long sentiment decreases
On Thursday, on the Swiss Foreign Exchange trader open positions were long, as 62% of open position volume was in long positions.
Meanwhile, trader set up pending orders in the 100-pip range around the pair were 55% to buy the Euro against the USD.
On Wednesday, the sentiment was 65% long and pending orders were 61% to sell.