EURUSD on Thursday rose 0.6% to 1.09050. What we know.

EURUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.6%	65.5 Pips
Week to-date	1.36%	146.2 Pips
March	3.12%	330.2 Pips

Upcoming key events (London Time)

Fri 07:00 AM EUR Retail Trade Turnover (12-mth) | Feb
Fri 10:00 AM EUR Harmonised Index of Consumer Prices (HICP) (12-mth) | Mar flash
Fri 10:00 AM EUR Harmonised Index of Consumer Prices (HICP) (12-mth) | Mar flash

What happened lately

📆 🇺🇸 USD Core Personal Consumption Expenditures (3-mth) | Q4 in Q4 exceed forecast and rose to 4.4% compared to previous figure 4.3% in Q3. Source: Bureau of Economic Analysis
📆 ☢️ 🇺🇸 USD GDP Annualized | Q4 in Q4 below forecast and dropped to 2.6% compared to previous figure 2.7% in Q3. Source: Bureau of Economic Analysis
EUR Business Climate | Mar in March rose to 0.72 points compared to previous figure 0.71 points (revised from 0.72 points). Source: European Commission
📆 🇺🇸 USD Pending Home Sales (1-mth) | Feb in February exceed forecast and dropped to 0.8% compared to previous figure 8.1% in January.
📆 🇩🇪 EUR Gfk Consumer Confidence Survey | Apr in April exceed forecast and improved to -29.5 points compared to previous figure -30.6, revised from -30.5 points in March. Source: GfK

What can we expect from EURUSD today?

EURUSD on Thursday rose 0.6% to 1.09050. 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 at 1.09465 (R1) while on the downside, we are looking at daily low of 1.08230 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.09263 may suggest continuation after recent positive movement.

For the week to-date, take note that EURUSD is mixed as the current price action remain uncertain due to trader indecisiveness.

Key levels to watch out:

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Gross Domestic Product, Fourth Quarter and Year 2022 (Third Estimate), GDP by Industry, and Corporate Profits Source: Bureau of Economic Analysis
U.S. International Investment Position, 4th Quarter and Year 2022 Source: Bureau of Economic Analysis
In March 2023, household confidence has worsened again slightly Source: INSEE
In March 2023, the business climate in retail trade and in trade and repair of motor vehicles as a whole has deteriorated Source: INSEE
In March 2023, the business climate in France has faltered a little and the employment climate is stable Source: INSEE
In March 2023, the business climate has slightly rebounded in wholesale trade Source: INSEE
Advance Retail Inventories Source: Census Bureau
Advance U.S. International Trade in Goods Source: Census Bureau
Advance Wholesale Inventories Source: Census Bureau
In March 2023, the business climate in manufacturing industry has slightly folded Source: INSEE
In March 2023, the business climate in the building construction industry has deteriorated slightly again Source: INSEE
In March 2023, the business climate has deteriorated slightly in services Source: INSEE
In 2022, the public deficit reached 4.7% of GDP, the public debt 111.6% of GDP Source: INSEE
At the end of Q4 2022, the Maastricht debt accounted for €2,950.0 billion Source: INSEE

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