Dear ,
As requested, let’s look at EURUSD and the recent events that happened in the previous trading session.
EURUSD Analysis
Upcoming key events (London Time)
What happened lately
EURUSD Chart by TradingView
What can we expect from EURUSD today? EURUSD on Tuesday dropped -0.01% to 1.09030. 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 1.08822 (S1). Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.09525 or trades above daily pivot 1.09173. While to the downside, the daily low of 1.08965 and 1.08822 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A close below 1.08965 would indicate selling pressure.For the week to-date, take note that EURUSD is bearish as the pair posted lower by -0.37%. Key levels to watch out:
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Wed 10:00 AM EUR GDP (seasonally adjusted) (3-mth)
Thu 01:30 PM USD Initial Unemployment Insurance Claims
U.S. Monthly Retail Trade (1-mth) in July exceed forecast and rose to 0.7% compared to previous figure 0.2% in June
