Following the highly volatile action seen earlier in the week, EUR/USD fluctuated in a tight channel on Wednesday and closed the day virtually unchanged.
EUR/USD holds steady above 1.0900 in the European session on Thursday. The cautious market mood limits the pair's upside. The US economic calendar will feature weekly Initial Jobless Claims data. The pair holds above 1.0900 in the European session on Thursday. Pound Sterling FAQs What is the Pound Sterling? The Pound Sterling is the oldest currency in the world and the official currency of the United Kingdom.
Meanwhile, investors will pay close attention to the action in Wall Street. A bearish action in US stock indexes could cause investors to move away from risk-sensitive assets, capping EUR/USD's upside. EUR/USD Technical Analysis The Relative Strength Index indicator on the 4-hour chart recovered above 50, reflecting a lack of bearish momentum. On the downside, 1.0900 aligns as first support level before 1.0870, where the 100-period and the 50-period Simple Moving Averages are located, and 1.
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