EURUSD on Tuesday rose 0.49% to 1.09540. What we know.

EURUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.49%	53.4 Pips
Week to-date	1.12%	120.9 Pips
April	1.12%	120.9 Pips

Upcoming key events (London Time)

Fri 12:00 AM EUR Good Friday Bank Holiday

What happened lately

📆 🇺🇸 USD Factory Orders (1-mth) | Feb in February exceed forecast and improved to -0.7% compared to previous figure -2.1, revised from -1.6% in January.
📆 🇺🇸 USD S&P Global Manufacturing PMI | Mar in March below forecast and dropped to 49.2 points compared to previous figure 49.3 points in February.
📆 🇩🇪 EUR S&P Global/BME Manufacturing PMI | Mar in March exceed forecast and rose to 44.7 points compared to previous figure 44.4 points in February.

What can we expect from EURUSD today?

EURUSD on Tuesday rose 0.49% to 1.09540. Price is above 9-Day EMA while Stochastic is rising.

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 R1 at 1.09912 with break above could target R2 at 1.10284 or figure level area. While towards the downside, we are looking at daily low of 1.08810 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.09733 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 1.12% over the past few days.

Key levels to watch out:

You might be interested in:

February job openings and layoffs and discharges decrease; quits edge up. Bureau of Labor Statistics Publications
Construction Spending. Census Bureau
Inflation rate expected in March 2023 +7.4%. Statistisches Bundesamt (Destatis)

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.