EUR/USD is unchanged in Thursday trade. Currently, the pair is trading at 1.1231, down 0.02% on the day. On the release front, German factory orders plunged 4.2%, nowhere near the estimate of 0.3%. Later in the day, the ECB posts the minutes of its March meeting. In the U.S., today’s highlight is unemployment claims, which is expected to rise to 215 thousand. On Friday, the U.S. releases wage growth and nonfarm payrolls, so traders should be prepared for movement from the pair.
EUR/USD ticked lower in the Asian session but has recovered in European trade
•1.1212 is weak support level
•1.1300 is the next resistance line
•Current range: 1.1212 to 1.1300
EUR/USD ticked lower in the Asian session but has recovered in European trade
•1.1212 is weak support level
•1.1300 is the next resistance line
•Current range: 1.1212 to 1.1300
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