EURUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.39% | 41.8 Pips |  |
||
| Week to-date | 0.74% | 79.7 Pips |  |
||
| March | 2.49% | 263.5 Pips | |
||
Upcoming key events (London Time)
Thu 01:00 PM EUR Harmonised Index of Consumer Prices (HICP) (12-mth) | Mar flash
Thu 01:30 PM USD GDP Annualized | Q4
What happened lately
📆 🇩🇪 EUR ifo Current Assessment | Mar in March exceed forecast and rose to 95.4 points compared to previous figure 93.9 points in February. Source
What can we expect from EURUSD today?
EURUSD on Tuesday rose 0.39% to 1.08385. Price is above 9-Day EMA while Stochastic is falling.
Updated daily direction for EURUSD looks bullish as the pair ended higher after Tuesday trading session.
Looking ahead for the day, immediate upside resistance level is at 1.08573 (R1) while on the downside, we are looking at daily low of 1.08020 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.08485 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:
| R3 | 1.09038 |
| R2 | 1.08762 |
| R1 | 1.08573 |
| Daily Pivot | 1.08297 |
| S1 | 1.08108 |
| S2 | 1.07832 |
| S3 | 1.07643 |
You might be interested in:
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
Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.
