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The euro continued its steady rally against the U.S. dollar on Thursday, despite stronger than expected U.S. EUR/USD stood at 1.0892 in U.S. afternoon trading, up 1.20% or 0.0130 from Wednesday's close. The pair rose to 1.0898 ahead of the release of a U.S. factoryorders' report on Thursday morning, before wavering at 1.08 levels for the remainder of the trading session.EUR/USD likely received support at 1.05 its low from Mar. 11 and resistance at 1.14 its high from mid-February. Traders await the release of Friday's U.S. jobs report.
Have a great week end.
The euro continued its steady rally against the U.S. dollar on Thursday, despite stronger than expected U.S. EUR/USD stood at 1.0892 in U.S. afternoon trading, up 1.20% or 0.0130 from Wednesday's close. The pair rose to 1.0898 ahead of the release of a U.S. factoryorders' report on Thursday morning, before wavering at 1.08 levels for the remainder of the trading session.EUR/USD likely received support at 1.05 its low from Mar. 11 and resistance at 1.14 its high from mid-February. Traders await the release of Friday's U.S. jobs report.
Have a great week end.