📊TECHNICAL ANALYSIS ON 4-HOUR TIMEFRAME
The EURUSD pair shows tight trades since morning, settling around 1.0510 level, thus, no change to the be expected bullish trend for today, which its next main target located at 1.0620. The negativity of the technical indicators hinders the mission to rise, reminding you that the continuation of the bullish wave depends on the price stability above 1.0495. The expected trading range for today is between 1.0460 support and 1.0610 resistance.
📊QUICK FUNDAMENTAL LOOK
Euro rose in European trade on Thursday against a basket of major rivals away from ten-month lows against US dollar, as traders purchase the common currency from low levels. The dollar lost ground after disappointing US private sector employment data and ahead of the crucial payrolls report tomorrow, important for gauging the odds for anther Fed interest rate hike this year.
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