🇪🇺 🇺🇸 EURUSD on Thursday dropped -0.25% to 1.06960. What we know.

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	-0.25%	-26.5 Pips
Week to-date	-0.72%	-77.3 Pips
September	-1.34%	-145.5 Pips

Upcoming key events (London Time)

No further events

What happened lately

  Euro Area Employment Change (3-mth) in Q2 unchanged at 0.2% compared to previous report in Q1. The actual figure is also in line with the forecast
  Euro Area GDP (seasonally adjusted) (3-mth) in Q2 below forecast and dropped to 0.1% compared to previous figure 0.3% in Q1
  U.S. ISM Services PMI in August exceed forecast and rose to 54.5 points compared to previous figure 52.7 points in July
  Euro Area Retail Trade Turnover (1-mth) in July dropped to -0.2% compared to previous figure 0.2, revised from -0.3% in June
  Germany Factory Orders seasonal adjustment. (1-mth) in July dropped to -11.7% compared to previous figure 7.6% (revised from 7%)

What can we expect from EURUSD today?

EURUSD on Thursday dropped -0.25% to 1.06960. Price is below 9-Day EMA while Stochastic is falling in oversold zone.

Updated daily direction for EURUSD looks bearish as the pair posted lower in Thursday trading session.

Looking ahead for the day, immediate support level is at 1.06773 (S1) with break below could see further selling pressure towards 1.06587 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.07320 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.06860 would indicate selling pressure.For the week to-date, take note that EURUSD is bearish as the pair posted lower by -0.72%.

Key levels to watch out: