Dear ,
As requested, let’s look at EURUSD and the recent events that happened in the previous trading session.
EURUSD Analysis
Upcoming key events (London Time)
What happened lately
EURUSD Chart by TradingView
What can we expect from EURUSD today? EURUSD on Wednesday rose 0.25% to 1.10841. Price is below 9-Day EMA while Stochastic is falling. Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.10455 (S1). Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.11068 or trades above daily pivot 1.10761. While to the downside, the daily low of 1.10375 and 1.10455 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.11068 may suggest continuation after recent positive movement.For the week to-date, take note that EURUSD is bearish as the pair posted lower by -0.36%. Key levels to watch out:
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Thu 01:15 PM EUR European Central Bank Monetary Policy Decision Statement
Thu 01:30 PM USD Initial Unemployment Insurance Claims
U.S. Fed Interest Rate Decision (Federal Funds Rate) rose to 5.5% compared to previous rate 5.25%
Germany ifo Expectations in July dropped to 83.5 points compared to previous figure 83.8 points (revised from 83.6 points)
