EURUSD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.11% | 11.5 Pips |  |
||
| Week to-date | 0.73% | 79.1 Pips | |
||
| April | 0.73% | 78.9 Pips |  |
||
Upcoming key events (London Time)
Fri 12:00 AM EUR Good Friday Bank Holiday 
Fri 06:00 AM USD Good Friday 
Fri 01:30 PM USD Nonfarm Payroll Employment | Mar
What happened lately
🇺🇸 📆 USD In the week ending 01 April, the Initial Unemployment Insurance Claims rose to 228K compared to previous figure 198K. Department of Labor 📆 🇺🇸 USD S&P Global Composite PMI | Mar in March below forecast and dropped to 52.3 points compared to previous figure 53.3 points in February. 📆 🇺🇸 USD Goods and Services Trade Balance | Feb in February exceed forecast and dropped to -70.5$ compared to previous figure -68.7, revised from -68.3$ in January. 
📆 🇩🇪 EUR S&P Global/BME Composite PMI | Mar in March unchanged at 52.6 points compared to previous report in February. The actual figure is also in line with the forecast.
What can we expect from EURUSD today?
EURUSD on Thursday rose 0.11% to 1.09172. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.08876 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.09376 or trades above daily pivot 1.09126. Break above could target R1 at 1.09422. While to the downside, we are looking at 1.08876 (S1) and daily low of 1.08830 as support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.09376 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 | 1.09968 |
| R2 | 1.09672 |
| R1 | 1.09422 |
| Daily Pivot | 1.09126 |
| S1 | 1.08876 |
| S2 | 1.0858 |
| S3 | 1.0833 |
You might be interested in:
In Q4 2022, payroll employment increased in two-thirds of the regions and was almost stable in the others. INSEE
Household saving rate up to 14.1% in the euro area. Eurostat EU current account surplus €10.5 bn. Eurostat
U.S. International Trade in Goods and Services, February 2023. Bureau of Economic Analysis Philip R. Lane: Monetary policy and inflation. European Central Bank U.S. International Trade in Goods and Services. Census Bureau Manufacturers’ Shipments, Inventories, and Orders. Census Bureau In February 2023, manufacturing output bounced back (+1.3%). INSEE February job openings and layoffs and discharges decrease; quits edge up. Bureau of Labor Statistics Publications Industrial producer prices down by 0.5% in the euro area and by 0.6% in the EU. Eurostat House prices up by 2.9% in the euro area. Eurostat
Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.
