Economic Calendar Analysis
On Thursday morning, at 08:30 GMT the German Markit Purchasing Managers Index survey results are bound to impact the value of the Euro.
Afterwards, at 12:30 GMT, the US Durable Goods Orders, Core Durable Goods Orders and the weekly Unemployment Claims might cause minor moves on USD charts.
Week's notable events will end with the release of the US Manufacturing and Services PMIs at 13:45 GMT.
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 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 Tuesday, 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 51% to sell the Euro against the USD.
On Wednesday, the sentiment was 63% long and pending orders were 55% long.