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 Wednesday dropped -0.25% to 1.07321. 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 1.07071 (S1). Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.07648 or trades above daily pivot 1.07359. While to the downside, the daily low of 1.07109 and 1.07071 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A close below 1.07109 would indicate selling pressure.For the week to-date, take note that EURUSD is mixed as compared to prior week. Key levels to watch out:
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Thu 01:15 PM EUR European Central Bank Monetary Policy Decision Statement
Thu 01:30 PM USD Initial Unemployment Insurance Claims
U.S. CPI Inflation Rate excluding Food and Energy sectors (12-mth) in August dropped to 4.3% compared to previous figure 4.7% in July
Euro Area Industrial Production seasonal adjustment. (1-mth) in July exceed forecast and dropped to -1.1% compared to previous figure 0.4, revised from 0.5% in June
Germany ZEW Survey – Economic Situation (Germany) in September exceed forecast and dropped to -79.4 points compared to previous figure -71.3 points in August
