Economic Calendar Analysis
EUR/USD hourly chart's review
If the currency exchange rate passes above the 1.1160 mark, it could find resistance in the 50-hour simple moving average near the 1.1190 mark, before aiming at the resistance of the 1.1200 level.On the other hand, a potential decline would have to first pass the 1.1120 level, before reaching the 1.1100 mark.
Hourly Chart
EUR/USD daily chart's review
On the daily candle chart, the currency pair has passed below the support of the 38.20% Fibonacci retracement level at 1.1200. There is no close by support on the daily candle chart. Most close by levels are located below 1.1000. The 1.1000 mark could act as support on its own.Daily chart
Read More: Technical Analysis
Traders are long
Since Thursday, on the Swiss Foreign Exchange trader open positions were long, as 66% of open position volume was in long positions.
Meanwhile, on Friday, trader set up pending orders in the 100-pip range around the pair were 59% to buy the Euro against the USD.
The orders were 73% to buy on Thursday.