EUR/USD broke below 1.1150 and fell to 1.1145 hitting a fresh daily low. The pair is hovering sightly below 1.1150, consolidating losses. So far today, it has moved in a range of around 25 pips. 

The Euro is pulling back on Thursday after it reached earlier at 1.1177, a 3-day high. It ended a rebound that started on Tuesday from 1.1117 (3-week low).

In the very short-term momentum favors the downside. With price action moves so limited today, a decline below Weekly lows seems unlikely at moments. 

US data released today included Initial jobless claims that rose to 241K, above the 240K expected and also the Housing Price Index that rose 0.7% in April. The data had a marginal impact on prices. Tomorrow the New Homes Sales report is due. 

US: Weekly initial claims was 241,000, an increase of 3,000 from the previous week