Anna 
In the early European session on Thursday, EUR/USD faced modest bearish pressure, declining towards the 1.0800 level. While the near-term technical outlook maintains a bearish bias, subdued trading activity is expected as markets wind down ahead of the Easter holiday.
Despite improved risk sentiment on Wednesday, the US Dollar (USD) found support from hawkish comments made by Federal Reserve Governor Christopher Waller. Waller’s remarks suggested that the Fed is not rushing to lower the policy rate in response to recent inflation data, indicating a potential longer duration of current interest rates.
The Euro (EUR) struggled to gain momentum, particularly after Germany reported a decline of 1.9% in Retail Sales for February, worse than market expectations.
Later in the day, attention will turn to the release of weekly Initial Jobless Claims data from the US, alongside Pending Home Sales figures for February. Additionally, the US Bureau of Economic Analysis will publish the final revision to the fourth-quarter real Gross Domestic Product (GDP) growth. A decline in weekly Initial Jobless Claims towards or below 200K could see the USD outperform its counterparts in the initial reaction.
As the first quarter comes to a close, market participants may adjust their positions, potentially leading to disorderly movements in the second half of the day.
