EURUSD Analysis
Performance after Thursday | |||||
Period | Pct | Chg | Momentum | ||
Thursday | 0.8% | 85.3 Pips | |||
Week to-date | 0.72% | 77.5 Pips | |||
June | 0.92% | 97.9 Pips |
Upcoming key events (London Time)
No major events for the day.
What happened lately
🇪🇺 Euro Area GDP (seasonally adjusted) (3-mth) in Q1 below forecast and dropped to -0.1% compared to previous figure 0.1% in Q4 Eurostat
🇺🇸 U.S. Goods and Services Trade Balance in April dropped to -74.6$ compared to previous figure -60.6$ (revised from -64.2$)
What can we expect from EURUSD today?
EURUSD on Thursday rose 0.8% to 1.07835. 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 1.08137 with break above could target R2 at 1.0844 or figure level area. While towards the downside, we are looking at daily low of 1.07000 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.07871 may suggest continuation after recent positive movement.
For the week to-date, take note that EURUSD is bullish as the pair continued to trade higher and is up by 0.72% over the past few days.
Key levels to watch out:
R3 | 1.09008 |
R2 | 1.0844 |
R1 | 1.08137 |
Daily Pivot | 1.07569 |
S1 | 1.07266 |
S2 | 1.06698 |
S3 | 1.06395 |
You might be interested in:
In Q1 2023, payroll employment increased by 0.3%. INSEE
U.S. International Trade in Goods and Services, April 2023. Bureau of Economic Analysis
U.S. International Trade in Goods and Services. Census Bureau
Quarterly Financial Report. Census Bureau
Quarterly Financial Report – Retail. Census Bureau
Volume of retail trade unchanged in the euro area and up by 0.1% in the EU. Eurostat
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