Economic Calendar Analysis
On Friday, the US Producer Price Index data sets could impact the pair at 13:30 GMT.
EUR/USD hourly chart analysis
A surge above 1.0800 mark and the zone that surrounds it could encounter resistance in the weekly R1 simple pivot point at 1.0810. Higher above, note the weekly R2 at 1.0839.On the other hand, a decline of the Euro against the US Dollar might look for support in the 100 and 200-hour simple moving averages that have acted as support on Thursday. Below the moving averages note the 1.0720/1.0740 range and the weekly S1 simple pivot point, and the 50-hour simple moving averages. Further below, the 1.0700 mark could once again impact the pair.
Hourly Chart
EUR/USD daily chart's review
On the daily candle chart, the 1.0630/1.0700 range is acting as support. It needs to fail, for the rate to approach the 1.0500 mark. On the other hand, a recovery of the pair is set to face the 100 and 200-day simple moving averages near 1.0840.Daily chart
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Traders are neutral
On Thursday, traders were 52% long, as that amount of open position volume was in long positions.
Meanwhile, pending orders in the 100-pip range around the pair were 53% to sell.