EURUSD on Wednesday rose 0.6% to 1.11080. What we know.

EURUSD on Wednesday rose 0.6% to 1.11080. What we know.

EURUSD Analysis

Performance after Wednesday
Period Pct Chg Momentum
Wednesday 0.6% 66.3 Pips
Week to-date 0.88% 97 Pips
December 2.04% 221.9 Pips

Upcoming key events (London Time)

No major events for the day.

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What can we expect from EURUSD today?

EURUSD on Wednesday rose 0.6% to 1.11080. Price is above 9-Day EMA while Stochastic is rising in overbought zone.

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 1.11443 with break above could target R2 at 1.11805 or figure level area. While towards the downside, we are looking at daily low of 1.10284 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.11226 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 0.88% over the past few days.

Key levels to watch out:

R3 1.12385
R2 1.11805
R1 1.11443
Daily Pivot 1.10863
S1 1.10501
S2 1.09921
S3 1.09559

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