EURUSD on Thursday rose 0.35% to 1.06140. Pair in consolidation. What we know.
|Performance after Thursday|
|Week to-date||-0.27%||-29 Pips|
Upcoming key events (London Time)
No further events
What happened lately
📆 ☢️ 🇪🇺 EUR ECB Interest Rate on main refinancing operations (MRO) rose to 3.5% compared to previous rate 3%. Source
📆 🇺🇸 USD Philadelphia Fed Manufacturing Survey in March exceed forecast and improved to -23.2 points compared to previous figure -24.3 points in February. Source
📆 🇺🇸 USD Building Permits (1-mth) in February exceed forecast and rose to 1.524M compared to previous figure 1.339M in January. Source
📆 ☢️ 🇺🇸 USD Retail Control Group in February exceed forecast and dropped to 0.5% compared to previous figure 2.3, revised from 1.7% in January. Source
📆 ☢️ 🇺🇸 USD CPI Inflation Rate excluding Food & Energy sectors (1-mth) in February exceed forecast and rose to 0.5% compared to previous figure 0.4% in January. Source
What can we expect from EURUSD today?
EURUSD on Thursday rose 0.35% to 1.06140. Price is below 9-Day EMA while Stochastic is falling in neutral zone.
Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.05648 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.06360 or trades above daily pivot 1.06004. While to the downside, the daily low of 1.05512 and 1.05648 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.06360 would suggest bullish bias 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:
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