EUR/USD is steady in Thursday trading, with the pair trading just above the 1.36 line in what has been an uneventful week until now. In the Eurozone, today’s highlight is the ECB rate announcement. The French trade deficit widened, and we’ll get a look at German Industrial Production later in the day. In the US, ADP Non-Farm Payrolls climbed to a two-year high. The markets are expecting another strong Unemployment Claims release on Thursday.
Here is a quick update on the technical situation, indicators, and market sentiment that moves euro/dollar.
EUR/USD Technical
- EUR/USD edged higher late in the Asian session, consolidating at 1.3601. The pair has edged higher in the European session.
Further levels in both directions:
- Below: 1.3525, 1.3440, 1.34, 1.3320, 1.3240 and 1.3175.
- Above: 1.3615, 1.3675, 1.3710, 1.3800, 1.3832, 1.3940 and 1.4036.
- 1.3615 is a weak resistance line. 1.3675 follows.
- 1.3525 is providing strong support.
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