EUR/USD rebounded to 1.0950, waiting for US economic data

Improved US economic data supported the USD rebound and put pressure on the EUR. The market is focusing on the third quarter GDP report and last week's US unemployment claims for new catalysts.

On frame D1, EUR/USD decreased sharply on Wednesday after 2 consecutive sessions of increase. The pair remains above the 20-day MA with technical indicators giving mixed signals. If we can close the day above the 1.1000 mark, it will attract more buying pressure. On the contrary, a successful test of support at 1.0880 will increase selling pressure.