EURUSD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -0.37% | -40.9 Pips |  |
||
| Week to-date | 0.48% | 52.5 Pips |  |
||
| December | 1.63% | 177.4 Pips |  |
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What can we expect from EURUSD today?
EURUSD on Thursday dropped -0.37% to 1.10635. Price is above 9-Day EMA while Stochastic is falling in overbought zone.
Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.10324 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.11395 or trades above daily pivot 1.1086. Break above could target R1 at 1.1117. While to the downside, we are looking at 1.10324 (S1) and daily low of 1.10549 as support levels. EURUSD need to break on either side to indicate a short-term bias. A close below 1.10549 would indicate selling pressure.
For the week to-date, take note that EURUSD is bullish as the pair continued to trade higher and is up by 0.48% over the past few days.
Key levels to watch out:
| R3 | 1.12016 |
| R2 | 1.11706 |
| R1 | 1.1117 |
| Daily Pivot | 1.1086 |
| S1 | 1.10324 |
| S2 | 1.10014 |
| S3 | 1.09478 |
