Forex - EUR/USD up at the end of U.S. session

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.4142, up 0.39% at time of writing.

The pair was likely to find support at 1.3970, Monday’s low, and resistance at 1.4206, today’s high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 424K last week from 414K in the preceding week whose figure was revised up from 409K.

Analysts had expected Initial Jobless Claims to fall to 400K last week.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.36% to hit 0.8626 and EUR/JPY falling 0.44% to hit 114.97.

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