Economic Calendar Analysis
On Friday, the US Core PCE Price Index is scheduled to be published at 12:30 GMT. This inflation measure is watched by the US Federal Reserve when setting their policy.
EUR/USD hourly chart
An extension of the recovery is set to once again test the resistance of the 1.0100 mark and the weekly R3 simple pivot point at 1.0094. However, take into account that the 1.0050 level could act as resistance, as it has shown during this week.Meanwhile, a resumption of the Euro decline might result in the rate once again looking for support in the 1.0000 mark and the technical levels near it.
Hourly Chart
EUR/USD daily chart's review
On the daily candle chart, the 100-day simple moving average also failed to keep the rate down. Next resistance on this chart is the zone near 1.0400 and the 200-day simple moving average.Daily chart
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Traders are mostly bullish
On Wednesday, on the Swiss Foreign Exchange, trader open positions were bullish, as 57% of open position volume was in long positions.
Meanwhile, trader set up pending orders in the 100-pip range around the pair were 54% to buy the Euro against the USD.
On Thursday, positions were 58% long and pending orders were 54% to buy.