EURUSD on Wednesday rose 0.25% to 1.10841. Pair in consolidation. What we know.

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.25%	27.1 Pips
Week to-date	-0.36%	-40.4 Pips
July	1.62%	176.7 Pips

Upcoming key events (London Time)

  Thu 01:15 PM EUR European Central Bank Monetary Policy Decision Statement
  Thu 01:15 PM EUR ECB Interest Rate on deposit facility
  Thu 01:15 PM EUR ECB Interest Rate on main refinancing operations (MRO)
  Thu 01:30 PM USD Initial Unemployment Insurance Claims
  Thu 01:30 PM USD GDP Annualized
  Thu 01:45 PM EUR European Central Bank Press Conference
  Fri 01:00 PM EUR CPI Inflation Rate (1-mth)
  Fri 01:00 PM EUR CPI Inflation Rate (12-mth)
  Fri 01:30 PM USD Core Personal Consumption Expenditures – Price Index (1-mth)
  Fri 01:30 PM USD Core Personal Consumption Expenditures – Price Index (12-mth)

What happened lately

  U.S. Fed Interest Rate Decision (Federal Funds Rate) rose to 5.5% compared to previous rate 5.25%
  U.S. Housing Price Index (1-mth) in May unchanged at 0.7% compared to previous report in April.
  Germany ifo Expectations in July dropped to 83.5 points compared to previous figure 83.8 points (revised from 83.6 points)

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: