EURUSD Analysis
Performance after Tuesday | |||||
Period | Pct | Chg | Momentum | ||
Tuesday | 0.47% | 50.8 Pips | |||
Week to-date | 0.6% | 65.5 Pips | |||
June | 2.54% | 270.9 Pips |
Upcoming key events (London Time)
Wed 02:30 PM EUR European Central Bank’s President Christine Lagarde speech
Wed 02:30 PM USD Federal Reserve Chair Jerome Powell speech
Wed 09:30 PM USD Bank Stress Test Results
Thu 01:00 PM EUR Harmonised Index of Consumer Prices (HICP) (12-mth)
Thu 01:30 PM USD GDP Annualized (12-mth)
What happened lately
๐บ๐ธ U.S. New Residential Sales (1-mth) in May exceed forecast and rose to 0.763M compared to previous figure 0.68, revised from 0.683M in April Census Bureau
๐บ๐ธ U.S. Housing Price Index (1-mth) in April exceed forecast and rose to 0.7% compared to previous figure 0.5, revised from 0.6% in March
๐บ๐ธ U.S. Durable Goods Orders excluding Transportation in May rose to 0.6% compared to previous figure -0.6% (revised from -0.2%) Census Bureau
๐ฉ๐ช Germany ifo Business Climate in June dropped to 88.4 points compared to previous figure 91.5 points (revised from 91.7 points) ifo Institute
What can we expect from EURUSD today?
EURUSD on Tuesday rose 0.47% to 1.09565. Price is above 9-Day EMA while Stochastic is falling.
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 1.09882 with break above could target R2 at 1.10199 or figure level area. While towards the downside, we are looking at daily low of 1.09020 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.09768 may suggest continuation after recent positive movement.
For the week to-date, take note that EURUSD is mixed as compared to the prior week.
Key levels to watch out:
R3 | 1.1063 |
R2 | 1.10199 |
R1 | 1.09882 |
Daily Pivot | 1.09451 |
S1 | 1.09134 |
S2 | 1.08703 |
S3 | 1.08386 |
You might be interested in:
Advance Monthly Manufacturers’ Shipments, Inventories, and Orders. Census Bureau
Inflation is falling, growth is hesitant. INSEE
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