Dear ,
As requested, let’s look at EURUSD and the recent events that happened in the previous trading session.
EURUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.14% | -14.3 Pips |  |
||
| Week to-date | -1% | -106.2 Pips | |
||
| October | -1% | -106.2 Pips |  |
||
Upcoming key events (London Time)
 
 Wed 10:00 AM EUR Retail Trade Turnover (12-mth)
  Wed 05:00 PM EUR European Central Bank’s President Christine Lagarde speech
 
 Thu 01:30 PM USD Initial Unemployment Insurance Claims
What happened lately
 
 U.S. Job Openings and Labor Turnover Survey (JOLTS) in August exceed forecast and rose to 9.61M compared to previous figure 8.92, revised from 8.827M in July
What can we expect from EURUSD today?
EURUSD on Tuesday dropped -0.14% to 1.04647. 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 Tuesday trading session.
Looking ahead for the day, immediate support level is at 1.0444 (S1) with break below could see further selling pressure towards 1.04233 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.04934 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.04480 would indicate selling pressure.
For the week to-date, take note that EURUSD is bearish as the pair posted lower by -1%.
Key levels to watch out:
| R3 | 1.05348 |
| R2 | 1.05141 |
| R1 | 1.04894 |
| Daily Pivot | 1.04687 |
| S1 | 1.0444 |
| S2 | 1.04233 |
| S3 | 1.03986 |
