On the EUR/USD charts, the event resulted in a surge. By the middle of Thursday's trading hours, the pair had reached and shortly traded above the 1.1050 mark.
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Economic Calendar Analysis
This week's notable events are over. Next week's events will be described in the Friday's publication.
EUR/USD hourly chart's review
If the Euro continues to gain ground against the US Dollar, the pair might encounter resistance first in the weekly R1 simple pivot point at 1.1088. Afterwards, the pair might face the resistance of the March high levels at 1.1095/1.1.1125.On the other hand, a decline of the pair might look for support in the 1.1000 mark and the 50-hour simple moving average. Further below, note the 100 and 200-hour simple moving averages near 1.0975 and 1.0965.
Hourly Chart
EUR/USD daily chart's review
On the daily candle chart, the pair recently found support in the 1.0900 mark and could once again approach the resistance of the January and February low levels, and the March high level.Daily chart
Read More: Technical Analysis
Traders are long
On Thursday, on the Swiss Foreign Exchange trader open positions were long, as 63% 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 sell the Euro against the USD.