EURUSD on Thursday dropped -0.33% to 1.09550. What we know.

EURUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	-0.33%	-36.4 Pips
Week to-date	0.14%	14.9 Pips
June	2.52%	269.4 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇪🇺 Euro Area Consumer Confidence in June preliminary estimate below forecast and improved to -16.1 points compared to previous figure -17.4 points in May DG ECFIN
🇺🇸 U.S. Chicago Fed National Activity Index in May below forecast and dropped to -0.15 points compared to previous figure 0.07 points in April

What can we expect from EURUSD today?

EURUSD on Thursday dropped -0.33% to 1.09550. Price is above 9-Day EMA while Stochastic is rising in overbought zone.

Updated daily direction for EURUSD looks bearish as the pair posted lower in Thursday trading session.

Looking ahead for the day, immediate support level is at S1 1.09315 with break below could see further selling pressure towards S2 at 1.09079. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.10122 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.09483 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:

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