EURUSD Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | -0.4% | -43.8 Pips |  |
||
| Week to-date | 0.23% | 25 Pips |  |
||
| June | 2.16% | 230.4 Pips | |
||
Upcoming key events (London Time)
Thu 07:30 AM USD Federal Reserve Chair Jerome Powell speech
Thu 01:00 PM EUR Harmonised Index of Consumer Prices (HICP) (12-mth) Thu 01:00 PM EUR Consumer Price Index (1-mth)| Jun flash Thu 01:00 PM EUR Consumer Price Index (12-mth)| Jun flash Thu 01:30 PM USD GDP Annualized Fri 07:00 AM EUR Retail Trade Turnover (12-mth)
Fri 10:00 AM EUR Core Harmonised Index of Consumer Prices (HICP) (12-mth) Fri 10:00 AM EUR Harmonised Index of Consumer Prices (HICP) (12-mth)
What happened lately
🇩🇪 Germany Gfk Consumer Confidence Survey in July exceed forecast and dropped to -25.4 points compared to previous figure -24.4, revised from -24.2 points in June GfK 🇺🇸 U.S. New Residential Sales (1-mth) in May exceed forecast and rose to 0.763M compared to previous figure 0.68, revised from 0.683M in April Census Bureau 🇺🇸 U.S. Housing Price Index (1-mth) in April exceed forecast and rose to 0.7% compared to previous figure 0.5, revised from 0.6% in March 🇺🇸 U.S. Durable Goods Orders excluding Transportation in May rose to 0.6% compared to previous figure -0.6% (revised from -0.2%) Census Bureau
What can we expect from EURUSD today?
EURUSD on Wednesday dropped -0.4% to 1.09160. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.08877 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.09622 or trades above daily pivot 1.0925. Break above could target R1 at 1.09532. While to the downside, we are looking at 1.08877 (S1) and daily low of 1.08967 as support levels. EURUSD need to break on either side to indicate a short-term bias. A close below 1.08967 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 | 1.10187 |
| R2 | 1.09905 |
| R1 | 1.09532 |
| Daily Pivot | 1.0925 |
| S1 | 1.08877 |
| S2 | 1.08595 |
| S3 | 1.08222 |
You might be interested in:
Advance Retail Inventories. Census Bureau Advance U.S. International Trade in Goods. Census Bureau Advance Wholesale Inventories. Census Bureau New Home Sales. Census Bureau
In June 2023, household confidence has recovered slightly. INSEE Advance Monthly Manufacturers’ Shipments, Inventories, and Orders. Census Bureau Inflation is falling, growth is hesitant. INSEE
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