Investing.com- The euro pared gains against the U.S. dollar on Thursday, retreating from a 4-day high, following the release of better-than-expected U.S. data on initial jobless claims.
EUR/USD retreated from 1.4049, the pair’s highest since October 15, to hit 1.3980, during European afternoon trade, gaining 0.14%.
The pair was likely to find support at 1.3697, Wednesday’s low and resistance at 1.4155, last Friday’s high and a 10-month high.
Earlier in the day, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending October 16 fell to a seasonally adjusted 452K, after rising to a revised 475K in the preceding week.
Analysts had expected initial jobless claims to decline to 455K in the week ending October 16.
The euro was also up against the pound, with EUR/GBP gaining 0.69% to hit 0.8873.
Later in the day, the U.S. was to release key manufacturing data.
EUR/USD retreated from 1.4049, the pair’s highest since October 15, to hit 1.3980, during European afternoon trade, gaining 0.14%.
The pair was likely to find support at 1.3697, Wednesday’s low and resistance at 1.4155, last Friday’s high and a 10-month high.
Earlier in the day, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending October 16 fell to a seasonally adjusted 452K, after rising to a revised 475K in the preceding week.
Analysts had expected initial jobless claims to decline to 455K in the week ending October 16.
The euro was also up against the pound, with EUR/GBP gaining 0.69% to hit 0.8873.
Later in the day, the U.S. was to release key manufacturing data.