After attempting to a flight that gave place at a vertex at; 1.0802 yesterday during the day, the EUR/USD finally resumed the downward path and marked new lows as the currency pair moved down to lows. 1.0740 for now Thursday morning.
Dollar is indeed benefiting from investor preference, as US debt ceiling stalemate drives flight to safe havens.
This explains why the Dollar was not affected by heightened expectations of a Fed pause following the the release of the FOMC Minutes last night. Indeed, the Investing.com Fed Rate Barometer currently shows a probability of 72.7% that the Fed decides on a pause on June 14, compared to 68.6% only yesterday morning.
Turning to Thursday, forex traders will be keeping an eye out for a new estimate of German GDP this morning at; 8 a.m. In the United States, a new estimate of Q1 GDP will also be expected in March. 2:30 p.m., as well as weekly jobless claims.
>> Check the results of important statistics for EUR/USD in real time in the economic calendar Investing.com
Technical thresholds at; monitor on EUR/USD
From a graphical point of view, we note that the next support for the EUR/USD pair is the psychological level of 1.07.
Next, little support can be spotted ahead of the 1.0478-1.0520 area, where there is little support. is currently the MA 200 days, and that has been the scene of several key rebounds since the start of the year.
À the upside, the 100-day MA currently at; 1.0814 is the first hurdle to; take into account in the event of a rise in the Euro, before the 500-day MA, on the psychological threshold of 1.09. Then the major threshold at 1.10 and this year's top at 1.10. 1.1095 will come into play.
EUR/USD remains under pressure after Fed Minutes and ahead of other data