EURUSD on Thursday rose 0.05% to 1.08383. What we know.

EURUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.05%	4.9 Pips
Week to-date	0.45%	48.3 Pips
April	0.45%	48.3 Pips

Upcoming key events (London Time)

Fri 10:00 AM EUR Retail Trade Turnover (12-mth)
Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

🇺🇸 U.S. Challenger Job Cuts in March rose to 90.309K compared to previous figure 84.638K in February
🇪🇺 Euro Area Producer Price Index (1-mth) in February dropped to -1% compared to previous figure -0.9% in January
🇪🇺 Euro Area Harmonized Index of Consumer Prices (HICP) (1-mth) in March flash estimate rose to 0.8% compared to previous figure 0.6% in February Source: Eurostat
🇪🇺 Euro Area Unemployment Rate in February unchanged at 6.5% compared to previous report in January. Source: Eurostat

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What can we expect from EURUSD today?

EURUSD on Thursday rose 0.05% to 1.08383. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for EURUSD looks bullish as the pair ended higher after Thursday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 1.08661 with break above could target R2 at 1.0894 or figure level area. While towards the downside, we are looking at daily low of 1.08314 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.08766 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: