The EUR/USD pair has spent the first half of this Thursday battling to extend gains beyond the critical 1.1000 threshold as bulls keep pressuring. US weekly unemployment claims rose by 2.43 million in the week ended March 15, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “European data has beat expectations, but, according to Markit, the local economy ‘remained stuck in its deepest downturn ever recorded in May due to ongoing measures taken to control the coronavirus disease 2019 (COVID-19) outbreak’.” The preliminary PMIs estimates for the EU showed that the manufacturing index improved from 33.4 to 39.5, while services output rose from 12 to 28.4.” “The US Initial Jobless Claims for the week ended May 15 resulted at 2.43 million, slightly worse than the 2.4 million expected.” “In the 4-hour chart, technical indicators have resumed their advances, the Momentum firmly above its mid-line and the RSI at overbought levels. The risk remains skewed to the upside, with a test of 1.1120 on the table for the upcoming sessions.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Breaking: US Preliminary Manufacturing PMI improves to 39.8 in May vs. 38 expected FX Street 2 years The EUR/USD pair has spent the first half of this Thursday battling to extend gains beyond the critical 1.1000 threshold as bulls keep pressuring. US weekly unemployment claims rose by 2.43 million in the week ended March 15, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “European data has beat expectations, but, according to Markit, the local economy ‘remained stuck in its deepest downturn ever recorded in May due to ongoing measures taken to control the coronavirus disease 2019 (COVID-19) outbreak’.” The preliminary PMIs estimates for the EU showed that the manufacturing index improved from 33.4 to 39.5, while services… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
