At mid-day on Thursday, the pair remained between the 1.0960/1.0970 zone and the 1.1000 mark.
Economic Calendar Analysis
The week's notable events are over. Next week's review will be published on Friday.
EUR/USD hourly chart's review
If the Euro passes below the 1.0960 mark against the US Dollar, the rate might look for support in the weekly S1 simple pivot point at 1.0917. Further below, take into account the March 11 and 14 low levels near the 1.0900 level.Meanwhile, a recovery of the currency exchange rate might encounter resistance in the moving averages and the weekly simple pivot point in the 1.1007/1.1040 range, before approaching the high level zone at 1.1066/1.1072.
Hourly Chart
EUR/USD daily chart's review
On the daily candle chart, the pair has once again bounced off the March high, February and January low level zone above 1.1100.Daily chart
Read More: Technical Analysis
Traders remain long
On Thursday, on the Swiss Foreign Exchange trader open positions were long, as 64% of open position volume was in long positions.
Meanwhile, trader set up pending orders in the 100-pip range around the pair were 51% to buy the Euro against the USD.
On Wednesday, the sentiment was 63% long and pending orders were 55% to buy.