EURUSD continued to trade sideways over 1.0900.
On Thursday, the EURUSD pair closed almost unchanged for the second day in a row. The pair remained in a tight band above 1.0900 early Friday as investors waited for the next spark.
The EURUSD dipped lower in the early American session on Thursday after US data revealed that weekly Initial Jobless Claims fell to 233,000 from 250,000. Later that day, the US Dollar (USD) lost strength as risk flows began to dominate the action in financial markets, allowing the pair to erase its Daily losses.
The economic calendar will not include any high-tier data releases that could influence EURUSD trading ahead of the weekend.
Investors are likely to react to changes in risk perception
Consequently, investors are likely to react to changes in risk perception. At the time of writing, the Euro Stoxx 50 Index was up 0.25% for the day, while US stock index futures were trading slightly higher.Euro must break out of the 1.0900-1.0940 zone to determine its next move.
The economic schedule will not have any high-impact data releases.
If market players begin to withdraw from risky assets in order to avoid being caught off guard over the weekend, the USD may remain strong against its rivals, making it difficult for EURUSD to rise further. On the other hand, a positive start on Wall Street and a continuation of the risk surge could help the pair keep its footing heading into the weekend.
