EURUSD on Thursday rose 1.08% to 1.09486. What we know.
|Performance after Thursday|
|Week to-date||1.89%||202.6 Pips|
Upcoming key events (London Time)
Fri 03:00 PM USD Michigan Index of Consumer Sentiment
What happened lately
🇺🇸 In the week ending 10 June, Initial Unemployment Insurance Claims in U.S. was unchanged at 262K compared to previous figure 262K (revised from 261K) Department of Labor
🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in June below forecast and dropped to -13.7 points compared to previous figure -10.4 points in May
🇺🇸 U.S. Monthly Retail Trade (1-mth) in May exceed forecast and dropped to 0.3% compared to previous figure 0.4, revised from 0.4% in April Census Bureau
🇪🇺 Euro Area ECB Interest Rate on main refinancing operations (MRO) rose to 4% compared to previous rate 3.75% European Central Bank
🇺🇸 U.S. Interest Rate Projections rose to 5.6% compared to previous rate 5.1%
🇺🇸 U.S. Fed Interest Rate Decision (Federal Funds Rate) unchanged at 5.25% compared to previous rate 5.25% Federal Reserve
🇪🇺 Euro Area Industrial Production seasonal adjustment. (1-mth) in April exceed forecast and rose to 1% compared to previous figure -3.8, revised from -4.1% in March
What can we expect from EURUSD today?
EURUSD on Thursday rose 1.08% to 1.09486. 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 Thursday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 1.10002 with break above could target R2 at 1.10518 or figure level area. While towards the downside, we are looking at daily low of 1.08020 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.09527 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 1.89% over the past few days.
Key levels to watch out:
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