🇪🇺 🇺🇸 EURUSD on Thursday rose 0.37% to 1.08942. Pair in consolidation. Things to look out.

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.37%	39.7 Pips
Week to-date	-0.12%	-13.2 Pips
July	-0.12%	-13.2 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Nonfarm Payroll Employment
Fri 05:45 PM EUR European Central Bank’s President Christine Lagarde speech

What happened lately

U.S. ISM Services PMI in June exceed forecast and rose to 53.9 points compared to previous figure 50.3 points in May
U.S. Job Openings and Labor Turnover Survey (JOLTS) in May below forecast and dropped to 9.8M compared to previous figure 10.103M in April
In the week ending 01 July, U.S. Initial Unemployment Insurance Claims rose to 248K compared to previous figure 236K (revised from 239K)
U.S. ADP Non-Farm Employment Change in June exceed forecast and rose to 497K compared to previous figure 278K in May
U.S. Challenger Job Cuts in June dropped to 40.709K compared to previous figure 80.089K in May
Euro Area Retail Trade Turnover (1-mth) in May unchanged at 0% compared to previous report in April.
Euro Area Retail Trade Turnover (12-mth) in May unchanged at -2.9% compared to previous report in April.
Germany Factory Orders n.seasonal adjustment. (12-mth) in May below forecast and improved to -4.3% compared to previous figure -9.9% in April
Germany Factory Orders seasonal adjustment. (1-mth) in May exceed forecast and rose to 6.4% compared to previous figure -0.4% in April
Euro Area Producer Price Index (12-mth) in May exceed forecast and dropped to -1.5% compared to previous figure 1% in April
Euro Area Producer Price Index (1-mth) in May exceed forecast and improved to -1.9% compared to previous figure -3.2% in April

EURUSD Chart by TradingView

What can we expect from EURUSD today?

EURUSD on Thursday rose 0.37% to 1.08942. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.08513 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.09006 or trades above daily pivot 1.08759. While to the downside, the daily low of 1.08330 and 1.08513 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.09006 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: