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 | 0.49% | 51.9 Pips |  |
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| Week to-date | 0.48% | 50.6 Pips | |
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| April | -0.8% | -86.8 Pips |  |
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Upcoming key events (London Time)
Thu 01:30 PM USD GDP Annualized
What happened lately
🇪🇺 Euro Area Consumer Confidence in April flash estimate improved to -14.7 points compared to previous figure -14.9 points in March Source: DG ECFIN
What can we expect from EURUSD today?
EURUSD on Tuesday rose 0.49% to 1.07032. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for EURUSD looks bullish as the pair ended higher after Tuesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 1.07303 with break above could target R2 at 1.07575 or figure level area. While towards the downside, we are looking at daily low of 1.06380 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.07113 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 0.48% over the past few days.
Key levels to watch out:
| R3 | 1.08036 |
| R2 | 1.07575 |
| R1 | 1.07303 |
| Daily Pivot | 1.06842 |
| S1 | 1.0657 |
| S2 | 1.06109 |
| S3 | 1.05837 |
