The EUR/USD pair remains under a bearish sentiment as FOMC members came out 50/50 on rate hike decisions on Wednesday. Unable to break above the pivot point at 1.09, we could see the pair reach our bearish target at 1.0450.
Major Forex Events
On the economic calendar, Thursday’s Asian session will be pretty calm as the first market moving event would be the UK Official Bank Rate at 12 PM GMT followed by Canada’s Building Permits at 1:30 PM, at the same time when the US unemployment claim data is out.
We could see trading opportunity in Aussie dollar Friday early on during the Asian session when Australia’s trading buddy releases their CPI at 2:30 am. More moves in Canadian dollar will end the week with Canada’s jobs report at 1:30 PM.