EURUSD on Thursday rose 0.12% to 1.09675. Pair in consolidation. What we know.

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What happened lately

In the week ending 15 April, the Initial Unemployment Insurance Claims rose to 245K compared to 240K, revised from 239K in the previous report
Consumer Confidence in April preliminary estimate below forecast and improved to -17.5 points compared to previous figure -19.2 points in March
Philadelphia Fed Manufacturing Survey in April exceed forecast and dropped to -31.3 points compared to previous figure -23.2 points in March
Producer Price Index (1-mth) in March exceed forecast and dropped to -2.6% compared to previous figure -0.3% in February
Harmonized Index of Consumer Prices (HICP) (1-mth) in March unchanged at 0.9% compared to previous report in February. The actual figure is also in line with the forecast

EURUSD Chart by TradingView

What can we expect from EURUSD today?

EURUSD on Thursday rose 0.12% to 1.09675. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.09365 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.09895 or trades above daily pivot 1.0963. While to the downside, the daily low of 1.09320 and 1.09365 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.09895 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: