EURUSD Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.06% | 6 Pips |  |
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| Week to-date | 0.41% | 43.8 Pips |  |
||
| June | -0.83% | -89.4 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 U.S. Industrial Production (1-mth) in May rose to 0.9% compared to previous figure 0% in April 🇺🇸 U.S. Monthly Retail Trade (1-mth) in May rose to 0.1% compared to previous figure -0.2, revised from 0% in April Source: Census Bureau
🇩🇪 Germany ZEW Indicator of Economic Sentiment in June rose to 47.5 points compared to previous figure 47.1 points in May Source: ZEW
🇪🇺 Euro Area Core Harmonised Index of Consumer Prices (HICP) (12-mth) in May unchanged at 2.9% compared to previous report in April. Source: Eurostat
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What can we expect from EURUSD today?
EURUSD on Wednesday rose 0.06% to 1.07460. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for EURUSD looks bullish as the pair ended higher after Wednesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 1.07581 with break above could target R2 at 1.07703 or figure level area. While towards the downside, we are looking at daily low of 1.07244 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.07534 may suggest continuation after recent positive movement.
For the week to-date, take note that EURUSD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 1.07871 |
| R2 | 1.07703 |
| R1 | 1.07581 |
| Daily Pivot | 1.07413 |
| S1 | 1.07291 |
| S2 | 1.07123 |
| S3 | 1.07001 |
