Forex - EUR/USD down toward the end of European session

Forex News - The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.3738, down 0.41% at time of writing.

The pair was likely to find support at 1.3378, Monday’s low, and resistance at 1.3834, Wednesday’s high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 404K last week from 405K in the preceding week whose figure was revised up from 401K.

Analysts had expected Initial Jobless Claims to rise to 406K last week.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.32% to hit 0.8728 and EUR/JPY falling 0.90% to hit 105.60.