Dear ,
As requested, let’s look at EURUSD and the recent events that happened in the previous trading session.
EURUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.02% | 2.2 Pips |  |
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| Week to-date | 0.15% | 15.9 Pips | |
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| July | 1.55% | 166.1 Pips | |
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Upcoming key events (London Time)
Thu 01:15 PM EUR ECB Interest Rate on main refinancing operations (MRO)
What happened lately
🇺🇸 U.S. Retail Trade Control Group in June rose to 0.9% compared to previous figure 0.4% in May Source: Census Bureau
What can we expect from EURUSD today?
EURUSD on Tuesday rose 0.02% to 1.09014. 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 1.08799 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.09056 or trades above daily pivot 1.08927. Break above could target R1 at 1.09143. While to the downside, we are looking at 1.08799 (S1) and daily low of 1.08712 as support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.09056 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 | 1.09487 |
| R2 | 1.09271 |
| R1 | 1.09143 |
| Daily Pivot | 1.08927 |
| S1 | 1.08799 |
| S2 | 1.08583 |
| S3 | 1.08455 |
