EURUSD on Thursday dropped -0.41% to 1.07046. What we know.

EURUSD on Thursday dropped -0.41% to 1.07046. What we know.

EURUSD Analysis

Performance after Thursday
Period Pct Chg Momentum
Thursday -0.41% -44.6 Pips
Week to-date 0.02% 2.4 Pips
June -1.21% -130.8 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇪🇺 Euro Area Consumer Confidence in June flash estimate improved to -14 points compared to previous figure -14.3 points in May Source: DG ECFIN
🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in June dropped to 1.3 points compared to previous figure 4.5 points in May
🇩🇪 Germany Producer Price Index (1-mth) in May dropped to 0% compared to previous figure 0.2% in April Source: Federal Statistical Office (Destatis)

Latest from X (Twitter)

What can we expect from EURUSD today?

EURUSD on Thursday dropped -0.41% to 1.07046. Price is below 9-Day EMA while Stochastic is rising.

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 1.06866 with break below could see further selling pressure towards S2 at 1.06685. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.07483 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.06994 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 1.07844
R2 1.07663
R1 1.07355
Daily Pivot 1.07174
S1 1.06866
S2 1.06685
S3 1.06377

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