EUR/USD registered small losses on Wednesday but managed to hold comfortably above 1.0850.
EUR/USD continues to move sideways below 1.0900 early Thursday. The ECB is widely expected to lower key rates by 25 bps. ECB President Lagarde's comments on policy outlook could drive the pair's action. The pair fluctuates in a narrow channel below 1.0900 as investors await the European Central Bank's monetary policy announcements. Euro PRICE This week The table below shows the percentage change of Euro against listed major currencies this week.
Ahead of Friday's May jobs report, investors are unlikely to react to this data. EUR/USD Technical Analysis EUR/USD trades in the lower half of the ascending regression channel and the Relative Strength Index indicator on the 4-hour chart stays near 50, reflecting the pair's indecisiveness. 1.0850-1.0840 , lower limit of the ascending channel) aligns as first support before 1.0800-1.0790 and 1.0760 . On the upside, resistances could be seen at 1.0900 , 1.0950 and 1.0970 .
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