By the middle of Wednesday's GMT trading hours, the pair had no resistance as high as 1.1900.
Economic Calendar Analysis
On Thursday, expect the weekly US Unemployment Claims to cause a minor move at 13:30 GMT. Throughout October, the event has caused EUR/USD moves from 7.4 to 13.6.
Later in the day, at 19:00 GMT, the US Federal Reserve will make a Rate Statement. Namely, the bank will react to the US Election and the following market reaction. Previously, the Fed had stated that they intend to stop a market crash, if one starts due to the election results.
On Friday, the US are publishing their monthly employment statistics. Among them will be the Average Earnings, Unemployment Rate and official Non-Farm Employment Change. In general, the Average Earnings and Employment Change reveal, how much USD is used for employment.
The currency exchange rate has moved from 15.7 to 51.8 pips on the announcement since June.
Click on the link below to find out more about the data releases of this and other currency exchange rates.
EUR/USD hourly chart's review
As the rate passed the resistance of the 1.1800 level and the weekly pivot point at 1.1795, it had no technical resistance as the weekly pivot point at 1.1939.However, it is possible that the round exchange rate levels at 1.1850 and 1.1900 could provide resistance and force the rate into a retracement back down or sideways trading.
Hourly Chart
On the daily candle chart, the EUR/USD currency exchange rate has passed the resistance of the 55-day simple moving average.
In the meantime, take into account that the pair is set to test the resistance of the channel down pattern, which represents the decline that has been occurring since August near 1.1840.
Daily chart
Read More: Technical Analysis
Traders go short
Since Tuesday, on the Swiss Foreign Exchange trader open positions were neutral, as 50% of volume was short and 50% was long.
On Thursday, the sentiment became 53% short.
Meanwhile, trader set up pending orders in the 100-pip range around the pair were 80% to sell the pair.
The orders were 66% to sell on Wednesday.