Economic Calendar Analysis
On Thursday, a minor USD move could occur due to the weekly US Unemployment claims release at 13:30 GMT. The rate has moved from 4.2 to 28.9 pips on the release since November 4.
On Friday, the value of the US Dollar is most likely going to adjust to the publication of the US Consumer Price Index and Core Consumer Price Index changes at 13:30 GMT. The CPI has caused moves from 19.2 to 45.3 pips.
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 EUR/USD breaks resistance of the 100 and 200-hour simple moving averages and the 1.1300 mark, a potential surge would encounter resistance at the weekly simple pivot point at 1.1313. Above the pivot point, there is no technical resistance as high as the weekly R1 simple moving average at 1.1390.On the other hand, a move below the 50-hour SMA and the 1.1280 level might result in a decline to the combined support of the 1.1250 mark, the weekly S1 simple pivot point at 1.1242 and the support zone at 1.1228/1.1237.
Hourly Chart
EUR/USD daily chart's review
On the daily candle chart, the EUR/USD pair found support in the 38.20% Fibonacci retracement level at 1.1200. Meanwhile, note that a recovery of the rate could find additional resistance at the 1.1454 level, where the 50.00% Fibonacci retracement level is located at.Daily chart
Read More: Technical Analysis
Buy order amount increases
Since Monday, on the Swiss Foreign Exchange trader open positions were long, as 65% of open position volume was in long positions.
Meanwhile, on Wednesday, trader set up pending orders in the 100-pip range around the pair were 52% to sell the Euro against the USD.