This week, EUR/USD has been mainly consolidating above the 1.2000 and 1.0258/38 level, with a weak bulish bias. The outlook remains bearish as long as the 1.0354 resistance holds. A break below 1.0258 could lead to further decline, while a break above 1.0354 could signal more upside momentum and a potential rebound to 1.0405/36.
Happy weekend!

Weekly volatility (range) 139 pips
Option expiries for Monday: 1.0300 (EU1.78b), 1.0325 (EU1.08b), 1.0500 (EU799.4m) Source: financialjuice.com
Significant news - US Initial Jobless Claims, EU/US PMI'S & University Michigan Sentiment
4 hour chart
Happy weekend!


Weekly volatility (range) 139 pips
Option expiries for Monday: 1.0300 (EU1.78b), 1.0325 (EU1.08b), 1.0500 (EU799.4m) Source: financialjuice.com
Significant news - US Initial Jobless Claims, EU/US PMI'S & University Michigan Sentiment
4 hour chart
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