EURUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.6% | -65.8 Pips |  |
||
| Week to-date | -0.09% | -9.7 Pips | |
||
| April | 1.29% | 140.2 Pips |  |
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Upcoming key events (London Time)
Wed 01:30 PM USD Durable Goods Orders Wed 01:30 PM USD Nondefense Capital Goods Orders excluding Aircraft Thu 01:30 PM USD GDP Annualized
What happened lately
🇺🇸 New Residential Sales (1-mth) in March exceed forecast and rose to 0.683M compared to previous figure 0.623, revised from 0.64M in February Census Bureau 🇺🇸 Housing Price Index (1-mth) in February exceed forecast and rose to 0.5% compared to previous figure 0.1, revised from 0.2% in January 🇺🇸 Chicago Fed National Activity Index in March unchanged at -0.19 points compared to previous report in February. 
🇪🇺 ifo Business Climate in April rose to 93.6 points compared to previous figure 93.2 points (revised from 93.3 points). ifo Institute
What can we expect from EURUSD today?
EURUSD on Tuesday dropped -0.6% to 1.09783. 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 1.09385 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.10671 or trades above daily pivot 1.10028. Break above could target R1 at 1.10426. While to the downside, we are looking at 1.09385 (S1) and daily low of 1.09630 as support levels. EURUSD need to break on either side to indicate a short-term bias. A close below 1.09630 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 | 1.11467 |
| R2 | 1.11069 |
| R1 | 1.10426 |
| Daily Pivot | 1.10028 |
| S1 | 1.09385 |
| S2 | 1.08987 |
| S3 | 1.08344 |
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