EURUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.27% | -29.3 Pips |  |
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| Week to-date | -0.24% | -26 Pips | |
||
| July | -0.32% | -35.1 Pips | |
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Upcoming key events (London Time)
Wed 07:00 PM USD FOMC Meeting Minutes Thu 01:15 PM USD ADP Non-Farm Employment Change Thu 03:00 PM USD ISM Services PMI
What happened lately
🇩🇪 Germany Trade Balance seasonal adjustment. in May below forecast and dropped to 14.4€ compared to previous figure 18.4€ in April
What can we expect from EURUSD today?
EURUSD on Tuesday dropped -0.27% to 1.08807. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.0865 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.09163 or trades above daily pivot 1.08907. Break above could target R1 at 1.09063. While to the downside, we are looking at 1.0865 (S1) and daily low of 1.08750 as support levels. EURUSD need to break on either side to indicate a short-term bias. A close below 1.08750 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 | 1.09476 |
| R2 | 1.0932 |
| R1 | 1.09063 |
| Daily Pivot | 1.08907 |
| S1 | 1.0865 |
| S2 | 1.08494 |
| S3 | 1.08237 |
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