• Thu. Jun 13th, 2024

🇪🇺 🇺🇸 EURUSD on Tuesday dropped -0.64% to 1.07250. What we know.

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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 -0.64% -68.8 Pips
Week to-date -0.45% -48.3 Pips
September -1.07% -116.5 Pips

Upcoming key events (London Time)

  Wed 10:00 AM EUR Retail Trade Turnover (12-mth)
  Wed 03:00 PM USD ISM Services PMI
  Thu 10:00 AM EUR GDP (seasonally adjusted) (3-mth)
  Thu 10:00 AM EUR GDP (seasonally adjusted) (12-mth)
  Thu 01:30 PM USD Initial Unemployment Insurance Claims

What happened lately

No major activities.


EURUSD Chart by TradingView

What can we expect from EURUSD today?

EURUSD on Tuesday dropped -0.64% to 1.07250. Price is below 9-Day EMA while Stochastic is falling.

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 1.0688 (S1) with break below could see further selling pressure towards 1.06509 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.07985 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.07062 would indicate selling pressure.For the week to-date, take note that EURUSD is bearish as the pair posted lower by -0.45%.

Key levels to watch out:

R3 1.08726
R2 1.08355
R1 1.07803
Daily Pivot 1.07432
S1 1.0688
S2 1.06509
S3 1.05957

 

On Key

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