Economic Calendar Analysis
On Tuesday, at 12:30 GMT, the US Retail Sales and Core Retail Sales data will be published. The data is set to reveal whether the US consumer had continued to make purchases in the market.
To see historical move tables click on the link below.
EUR/USD hourly chart's review
A move above the 1.0420 mark might encounter resistance in the 50-hour simple moving average near 1.0430. Higher above note the previous support zone at 1.0472/1.0492, which could act as resistance.Meanwhile, a decline of the Euro against the US Dollar is bound to look for support in the 2017 low level at 1.0340. A move below this level would result in the pair being at levels not seen since 2002.
Hourly Chart
EUR/USD daily chart's review
On the daily candle chart, the pair reached the support zone of the 2017 low levels. Meanwhile, the lower trend line of the 2022 channel down pattern has been pierced.Daily chart
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Traders are long
On Thursday, on the Swiss Foreign Exchange trader open positions were bullish, as 72% of open position volume was in long positions.
Meanwhile, trader set up pending orders in the 100-pip range around the pair were 71% to sell the Euro against the USD.
On Thursday, 73% of volume was long and pending orders were 52% to buy.