EURUSD on Wednesday rose 0.13% to 1.10126. What we know.

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As requested, let’s look at EURUSD and the recent events that happened in the previous trading session.

EURUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.13%	13.9 Pips
Week to-date	0.91%	98.8 Pips
August	1.74%	188.7 Pips

Upcoming key events (London Time)

  Thu 01:30 PM USD Monthly Retail Trade (1-mth)

What happened lately

  U.S. CPI Inflation Rate (1-mth) increased to 0.2% in July from -0.1% in June. Source: Bureau of Labor Statistics
 The U.S. CPI Inflation Rate excluding Food and Energy sectors increased to 0.2% in July from 0.1% in June. Source: Bureau of Labor Statistics
  U.S. CPI Inflation Rate excluding Food and Energy sectors (12-mth) in July dropped to 3.2%, down from 3.3% in June. Source: Bureau of Labor Statistics
  The U.S. CPI inflation rate for July dropped to 2.9% from the previous figure of 3% in June. Source: Bureau of Labor Statistics
 The Euro Area GDP (seasonally adjusted) in the Q2 flash estimate remained unchanged at 0.6% compared to the previous report in Q1. Source: Eurostat
  Euro Area Industrial Production (1-mth) in June improved to -0.1%, compared to a revised figure of -0.9% from -0.6% in May. Source: Eurostat
 The Euro Area Employment Change (3-mth) in Q2 flash estimate dropped to 0.2% compared to the previous figure of 0.3% in Q1.
  Euro Area GDP (seasonally adjusted) (3-mth) Q2 flash estimate remains unchanged at 0.3% compared to the previous Q1 report. Source: Eurostat
  In July, the U.S. Producer Price Index excluding Food & Energy dropped to 0% compared to the revised June figure of 0.3%, previously reported as 0.4%. Source: Bureau of Labor Statistics
  The U.S. Producer Price Index (12-month) for July dropped to 2.2%, down from the revised June figure of 2.7%, which was initially reported as 2.6%. Source: Bureau of Labor Statistics
 The U.S. PPI excluding Food and Energy sectors (12-month) in July dropped to 2.4% compared to the previous figure of 3% in June.
  In July, the U.S. Producer Price Index (1-mth) dropped to 0.1% from 0.2% in June. Source: Bureau of Labor Statistics
  Euro Area ZEW Survey – Economic Sentiment in August dropped to 17.9 points from 43.7 points in July. Source: ZEW
 The ZEW Indicator of Economic Sentiment in Germany fell to 19.2 points in August, down from 41.8 points in July. Source: ZEW
 In August, the ZEW Survey for Germany’s Economic Situation dropped to -77.3 points from -68.9 points in July. Source: ZEW

What can we expect from EURUSD today?

EURUSD on Wednesday rose 0.13% to 1.10126. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for EURUSD looks bullish as the pair ended higher after Wednesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 1.10447 with break above could target R2 at 1.10767 or figure level area. While towards the downside, we are looking at daily low of 1.09860 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.10474 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 0.91% over the past few days.

Key levels to watch out: