On Thursday, there are not many data that can show the right direction and thus the situation in the EUR / USD pair should be decided only on Friday. During the last session of the week, we will see data on changes in employment in non-agricultural sectors and the size of the unemployment rate in the United States.
Forecast for Thursday:
The situation at present is not clear. On Tuesday, there was a breakthrough level of 1.0916, which was the lower limit prior to consolidation. However, the declines stopped today at 1.0847 and supply ultimately led to the test zone support levels at 1,0808-31. The situation has not changed and must be examined in two ways: if tomorrow comes to overcome the at 1.0916 then we can count back toward the 1.0990 level. Otherwise, the maintenance of a resistance below 1.0916 may result in declines in around 1.0869. In the case of overcoming support, next target will be 1.0847, and at least Wednesday zone 1,0808-31 support levels.
Summarizing the above facts, we can conclude that tomorrow currency pair should move up in the subsequent consolidation.
So much for now you can write on the currency pair discussed. In my opinion, investors' eyes will be focused on Friday's US data that may be an impulse to determine the direction in the medium term.