🇪🇺 🇺🇸 EURUSD on Tuesday rose 0.07% to 1.07558. Pair in consolidation. What we know.

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	0.07%	7.4 Pips
Week to-date	0.53%	56.8 Pips
September	-0.79%	-85.7 Pips

Upcoming key events (London Time)

  Wed 01:30 PM USD CPI Inflation Rate (12-mth)
  Wed 01:30 PM USD CPI Inflation Rate excluding Food and Energy sectors (12-mth)
  Thu 01:15 PM EUR European Central Bank Monetary Policy Decision Statement
  Thu 01:15 PM EUR ECB Interest Rate on main refinancing operations (MRO)
  Thu 01:30 PM USD Initial Unemployment Insurance Claims
  Thu 01:30 PM USD Producer Price Index excluding Food and Energy sectors (12-mth)
  Thu 01:30 PM USD Monthly Retail Trade (1-mth)
  Thu 01:45 PM EUR European Central Bank Press Conference

What happened lately

No major activities.

What can we expect from EURUSD today?

EURUSD on Tuesday rose 0.07% to 1.07558. Price is below 9-Day EMA while Stochastic is rising in oversold zone.

Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.07176 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.07692 or trades above daily pivot 1.07434. While to the downside, the daily low of 1.07052 and 1.07176 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.07692 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: