On Thursday, EURUSD traded sideways in choppy conditions as it finished right at the opening price of 1.1013, for a small loss of 2 pips or –0.02%. The direct currency pair traded in a daily range of only 49 pips with a high of 1.1030 and a low of 1.0981. European Central Bank (ECB) left the minimum bid rate at 0.00%. Further US Unemployment Claims also released better than expected as US claims fell to 253K.
Today on Friday, the investors are recommended to monitor the following events:
EUR
• French Flash Manufacturing PMI
• French Flash Services PMI
• German Flash Manufacturing PMI
• German Flash Services PMI
• Flash Manufacturing PMI
• Flash Services PMI
USD
• Flash Manufacturing PMI
Technical Overview:

On Friday, EURUSD is likely to consolidate below 1.1045 trend line resistance. On Tuesday, the pair broke below a suggested trading range of 1.1160 – 1.1025 to place low of 1.11005 and consolidating below its prior trend channel. Resistance is still found at 1.1045, and around 1.1185. Support remains at 1.097, and near 1.090.
Previous Analysis Reference: Previous trade is still active and in profit of +45 Pips. (19th July, 2016)
Daily Trading Range:
1.1250– 1.0845

Daily Support & Resistance Levels
R3: 1.1160
R2: 1.1130
R1: 1.1112
Pivot Point: 1.1083
S1: 1.1053
S2: 1.1035
S3: 1.1006

Trading Recommendation:
– Still Active Sell @ 1.1045
o Take Profit:
 1st @ 1. 1085
o Stop Loss 1.1097