Dear ,
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 | 0.17% | 18.8 Pips |  |
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| Week to-date | 0.09% | 9.5 Pips |  |
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| July | 0.93% | 100.2 Pips | |
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Upcoming key events (London Time)
Thu 07:00 AM EUR Harmonised Index of Consumer Prices (HICP) (12-mth)| Jun
Thu 01:30 PM USD CPI Inflation Rate (1-mth)
Thu 01:30 PM USD CPI Inflation Rate (12-mth)
Fri 07:00 AM EUR Retail Trade Turnover (12-mth)
Fri 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)
Fri 03:00 PM USD Michigan Index of Consumer Sentiment
What happened lately
No major activities.
What can we expect from EURUSD today?
EURUSD on Wednesday rose 0.17% to 1.08355. Price is above 9-Day EMA while Stochastic is falling in overbought zone.
Updated daily direction for EURUSD looks bullish as the pair ended higher after Wednesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 1.08441 with break above could target R2 at 1.08527 or figure level area. While towards the downside, we are looking at daily low of 1.08105 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.08359 may suggest continuation after recent positive movement.
For the week to-date, take note that EURUSD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 1.08695 |
| R2 | 1.08527 |
| R1 | 1.08441 |
| Daily Pivot | 1.08273 |
| S1 | 1.08187 |
| S2 | 1.08019 |
| S3 | 1.07933 |
