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Dollar eases against its rivals - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik notes that the USD is weaker on Thursday, with the EUR/USD trading close to 1.2950, several pips below yesterday's high.

Key quotes

"News shown US weekly unemployment claims picked up above 300K weighting on the American currency, but so far movements seem more corrective than a trend chance."

"Technically, the 1 hour chart shows a mild positive tone, with indicators heading north above their midlines and price above both, 20 and 100 SMAs, in the 1.2925 price zone."

"In the 4 hours chart momentum remains strong above 100 despite price is unable to follow through, while 20 SMA stands flat in the 1.2920 area."

"Further gains may extend up to 1.2990/1.3000 price zone, yet bearish pressure is expected to resume if the area is reached."

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