• Fri. Sep 22nd, 2023

๐Ÿ‡ช๐Ÿ‡บ ๐Ÿ‡บ๐Ÿ‡ธ EURUSD on Wednesday rose 0.21% to 1.09760. Pair in consolidation. What we know.

Dearย ,

As requested, let’s look at EURUSD and the recent events that happened in the previous trading session.

EURUSD Analysis

Performance after Wednesday
Period Pct Chg Momentum
Wednesday 0.21% 22.5 Pips
Week to-date -0.28% -31.2 Pips
August -0.19% -20.8 Pips

Upcoming key events (London Time)

ย ย Thu 01:30 PM USD Initial Unemployment Insurance Claims
ย ย Thu 01:30 PM USD CPI Inflation Rate (1-mth)
ย ย Thu 01:30 PM USD CPI Inflation Rate (12-mth)
ย ย Fri 01:30 PM USD Producer Price Index excluding Food and Energy sectors (12-mth)
ย ย Fri 03:00 PM USD Michigan Index of Consumer Sentiment

What happened lately

No major activities.

EURUSD Chart by TradingView

What can we expect from EURUSD today?

EURUSD on Wednesdayย roseย 0.21% to 1.09760. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.09549 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.09954 or trades above daily pivot 1.09751. While to the downside, the daily low of 1.09540 and 1.09549 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.09954 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:

R3 1.10377
R2 1.10165
R1 1.09963
Daily Pivot 1.09751
S1 1.09549
S2 1.09337
S3 1.09135

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