Dear ,
As requested, let’s look at EURUSD and the recent events that happened in the previous trading session.
EURUSD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.16% | 17.7 Pips |  |
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| Week to-date | 0.71% | 75.7 Pips | |
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| July | 0.71% | 75.7 Pips |  |
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Upcoming key events (London Time)
Fri 10:00 AM EUR Retail Trade Turnover (12-mth)
Fri 01:30 PM USD Nonfarm Payroll Employment
What happened lately
🇩🇪 Germany Factory Orders n.seasonal adjustment. (12-mth) in May dropped to -8.6% compared to previous figure -1.6% in April
🇩🇪 Germany Factory Orders seasonal adjustment. (1-mth) in May dropped to -1.6% compared to previous figure -0.2% in April
🇺🇸 U.S. Factory Orders (1-mth) in May dropped to -0.5% compared to previous figure 0.4, revised from 0.7% in April Source: Census Bureau
🇺🇸 In the week ending 29 June, U.S. Initial Unemployment Insurance Claims rose to 238K compared to previous figure 233K Source: Department of Labor
🇺🇸 U.S. Challenger Job Cuts in June dropped to 48.786K compared to previous figure 63.816K in May
🇪🇺 Euro Area Producer Price Index (1-mth) in May improved to -0.2% compared to previous figure -1% in April Source: Eurostat
🇪🇺 Euro Area Producer Price Index (12-mth) in May improved to -4.2% compared to previous figure -5.7% in April Source: Eurostat
What can we expect from EURUSD today?
EURUSD on Thursday rose 0.16% to 1.08110. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for EURUSD looks bullish as the pair ended higher after Thursday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 1.08222 with break above could target R2 at 1.08334 or figure level area. While towards the downside, we are looking at daily low of 1.07834 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.08140 may suggest continuation after recent positive movement.
For the week to-date, take note that EURUSD is bullish as the pair continued to trade higher and is up by 0.71% over the past few days.
Key levels to watch out:
| R3 | 1.08528 |
| R2 | 1.08334 |
| R1 | 1.08222 |
| Daily Pivot | 1.08028 |
| S1 | 1.07916 |
| S2 | 1.07722 |
| S3 | 1.0761 |
