EURUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.24% | -25.4 Pips |  |
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| Week to-date | -0.37% | -39.5 Pips | |
||
| June | -0.89% | -96 Pips | |
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Upcoming key events (London Time)
Wed 07:00 AM EUR Harmonised Index of Consumer Prices (HICP) (12-mth)
Wed 01:30 PM USD CPI Inflation Rate (12-mth) Wed 01:30 PM USD CPI Inflation Rate (1-mth) Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate) Wed 07:00 PM USD Interest Rate Projections Thu 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)
What happened lately
🇪🇺 Euro Area Sentix Investor Confidence| Jun in June rose to 0.3 points compared to previous figure -3.6 points in May
Latest from X (Twitter)
What can we expect from EURUSD today?
EURUSD on Tuesday dropped -0.24% to 1.07394. 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 1.07145 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.07734 or trades above daily pivot 1.07439. Break above could target R1 at 1.07689. While to the downside, we are looking at 1.07145 (S1) and daily low of 1.07190 as support levels. EURUSD need to break on either side to indicate a short-term bias. A close below 1.07190 would indicate selling pressure.
For the week to-date, take note that EURUSD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 1.08233 |
| R2 | 1.07983 |
| R1 | 1.07689 |
| Daily Pivot | 1.07439 |
| S1 | 1.07145 |
| S2 | 1.06895 |
| S3 | 1.06601 |
