- EUR/USD loses further momentum, and drops of 115.30.
- The sell-off in the European currency weighs on the cross.
- US Initial Claims taking centre stage later in the NA session.
The euro continues to weaken in the second half of the week, and is now dragging the EUR/USD to the area of the new 3-day lows around 115.40/30.
The EUR/GBP looks to data
The EUR/JPY it has been in decline for the third straight session on Thursday, coming under additional selling pressure following the break below the 116.00 support, and all-on-the-back-of-the weakness surrounding the common currency.
In fact, in the best mood at the usd continues to weigh on sentiment around the eurothe sentiment of investors is to keep promoting the safer assets. In fact, the male remains close after the Chief secretary Powell ruled out negative rates, during his testimony on Tuesday, despite reiterating that the recovery may take more time than originally planned.
In the folder, with the final German inflation figures came in slightly above the preliminary reading for the month of April. In the US, the focus will be on the publication of the weekly Claims, which continue to reflect the deterioration in the labour market in the light of the corona virus of the crisis.
EUR/USD relevant levels
At the moment the cross is losing 0.25% to 115.47 and the face of the next barrier at 116.85 (monthly high May 12), followed by 117.77 (it is high Apr.30), and finally 119.03 (monthly high Sep.7). On the downside, a drop below 115.36 (weekly low May 14) would expose 114.39 (2020 low May 7) and 113.71 (monthly low Jan.9 in 2016).