EURUSD on Thursday rose 0.2% to 1.07043. What we know.

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	0.2%	21.7 Pips
Week to-date	0.15%	16.5 Pips
June	-1.21%	-131.1 Pips

Upcoming key events (London Time)

  Fri 02:00 AM USD Presidential Debate
  Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)
  Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

What happened lately

 🇺🇸 U.S. Gross Domestic Product Price Index in Q1 unchanged at 3.1% compared to previous report in Q4. Source: Bureau of Economic Analysis
 🇺🇸 U.S. Core Personal Consumption Expenditures (3-mth) in Q1 rose to 3.7% compared to previous figure 3.6% in Q4 Source: Bureau of Economic Analysis
 🇺🇸 U.S. Nondefense Capital Goods Orders excluding Aircraft in May dropped to -0.6% compared to previous figure 0.2, revised from 0.3% in April Source: Census Bureau
 🇺🇸 U.S. Personal Consumption Expenditures Prices (3-mth) in Q1 rose to 3.4% compared to previous figure 3.3% in Q4 Source: Bureau of Economic Analysis
 🇺🇸 In the week ending 22 June, U.S. Initial Unemployment Insurance Claims dropped to 233K compared to previous figure 238K Source: Department of Labor
 🇺🇸 U.S. Durable Goods Orders excluding Transportation in May dropped to -0.1% compared to previous figure 0.4% in April Source: Census Bureau
 🇺🇸 U.S. Durable Goods Orders excluding Defense in May dropped to -0.2% compared to previous figure 0% in April Source: Census Bureau
 🇪🇺 Euro Area Business Climate (BCI) in June dropped to -0.46 points compared to previous figure -0.39 points in May Source: European Commission
 🇪🇺 Euro Area Consumer Confidence in June unchanged at -14 points compared to previous report in May. Source: DG ECFIN
 🇪🇺 Euro Area Economic Sentiment Indicator in June dropped to 95.9 points compared to previous figure 96 points in May
 🇩🇪 Germany Gfk Consumer Confidence Survey in July dropped to -21.8 points compared to previous figure -21, revised from -20.9 points in June Source: GfK

What can we expect from EURUSD today?

EURUSD on Thursday rose 0.2% to 1.07043. Price is below 9-Day EMA while Stochastic is falling.

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 1.07282 with break above could target R2 at 1.07522 or figure level area. While towards the downside, we are looking at daily low of 1.06767 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.07264 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: