🇪🇺 🇺🇸 EURUSD on Thursday rose 0.12% to 1.09507. Pair in consolidation. What we know.

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.12%	12.6 Pips
Week to-date	-0.58%	-64 Pips
August	-0.42%	-46.1 Pips

Upcoming key events (London Time)

  Fri 10:00 AM EUR Retail Trade Turnover (12-mth)
  Fri 01:30 PM USD Average Hourly Earnings (12-mth)
  Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

  U.S. Factory Orders (1-mth) in June exceed forecast and rose to 2.3% compared to previous figure 0.4, revised from 0.3% in May
  U.S. Nonfarm Business Labor Productivity in Q2 preliminary estimate rose to 3.7% compared to previous figure -1.2% (revised from -2.1%)
  Euro Area Producer Price Index (1-mth) in June exceed forecast and improved to -0.4% compared to previous figure -1.9% in May
  Germany Trade Balance seasonal adjustment. in June rose to 18.7€ compared to previous figure 14.6€ (revised from 14.4€)
  U.S. ADP Non-Farm Employment Change in July exceed forecast and dropped to 324K compared to previous figure 497K in June

What can we expect from EURUSD today?

EURUSD on Thursday rose 0.12% to 1.09507. Price is below 9-Day EMA while Stochastic is falling in oversold zone.

Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.09202 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.09629 or trades above daily pivot 1.09415. While to the downside, the daily low of 1.09110 and 1.09202 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.09629 may suggest continuation after recent positive movement.For the week to-date, take note that EURUSD is mixed as compared to prior week.

Key levels to watch out: