Even though the losses of EUR/USD were limited solely to 11 pips on Thursday, the pair made two massive leaps throughout the day. During the first one, the Euro started to appreciate during the ECB Press Conference when the lack of comments by Draghi about the strong currency was interpreted as a buying signal. Meanwhile, the rate edged in the opposite direction in the wake of Trump’s comment about Greenback’s upside potential in the future. The pair has managed to appreciate in the Asian session; however, it should not exceed the 1.25 mark. Given that the US is to release two sets of important fundamentals in this session, these releases are likely to guide the rate’s subsequent direction. In case of strong bearish sentiment, the downside potential should be halted at the 200-hour located near 1.2250.
