At mid-day on Tuesday, the pair was located near the 1.1040 mark. Meanwhile, the mentioned technical levels were all located below the rate, as the pair pierced the resistance of the 100-hour simple moving average.
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 continues to gain value, compared to the US Dollar, the pair might encounter resistance in the Friday and Monday high level zone at 1.1065/1.1073. Higher above, the 1.1100 mark might act as resistance, before the pair reaches the March high level zone near 1.1130.However, a decline of the pair would have to pass the technical levels in the 1.1007/1.1041 range, before approaching the Monday's low levels at 1.0960/1.0970. Further below, note the weekly S1 simple pivot point at 1.0917.
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.