European PMI data ahead
The next key release for the EUR/USD pair is the Eurozone March Purchasing Manager Indices (PMI) from S&P Global and Hamburg Commercial Bank (HCOB), out at 10:00 GMT on Thursday.
The flash estimate will provide the latest snapshot of economic health in the region.
HCOB Composite PMI for the Eurozone is expected to show a rise to 49.7 in March from 49.2 in February, the Services PMI is forecast to come out at 50.5 from 50.2, and Manufacturing at 47.0 from 46.5 previously,
A higher-than-expected result would likely be bullish for EUR/USD and vice versa for a lower-than-expected result.
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