EURUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.26% | -27.7 Pips |  |
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| Week to-date | 0.21% | 22.2 Pips |  |
||
| June | -1.16% | -125.4 Pips |  |
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Wed 09:30 PM USD Bank Stress Test Results Thu 01:30 PM USD GDP Annualized
What happened lately
🇺🇸 U.S. Housing Price Index (1-mth) in April rose to 0.2% compared to previous figure 0.1% in March 
🇩🇪 Germany ifo Current Assessment in June unchanged at 88.3 points compared to previous report in May. Source: ifo Institute 🇩🇪 Germany ifo Business Climate in June dropped to 88.6 points compared to previous figure 89.3 points in May Source: ifo Institute
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What can we expect from EURUSD today?
EURUSD on Tuesday dropped -0.26% to 1.07100. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for EURUSD looks bearish as the pair posted lower in Tuesday trading session.
Looking ahead for the day, immediate support level is at S1 1.06855 with break below could see further selling pressure towards S2 at 1.06609. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.07442 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.06903 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 | 1.07933 |
| R2 | 1.07687 |
| R1 | 1.07394 |
| Daily Pivot | 1.07148 |
| S1 | 1.06855 |
| S2 | 1.06609 |
| S3 | 1.06316 |
