As requested, let’s look at EURUSD and the recent events that happened in the previous trading session.
Upcoming key events (London Time)
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 Wednesday rose 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: