EURUSD on Wednesday rose 0.21% to 1.09760. Pair in consolidation. What we know.
EURUSD Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.21% | 22.5 Pips |  | ||
| Week to-date | -0.28% | -31.2 Pips |  | ||
| August | -0.19% | -20.8 Pips | | ||
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What happened lately
No major activities.
What can we expect from EURUSD today?
EURUSD on Wednesday rose 0.21% to 1.09760. 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 1.09549 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.09954 or trades above daily pivot 1.09751. Break above could target R1 at 1.09963. While to the downside, we are looking at 1.09549 (S1) and daily low of 1.09540 as support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.09954 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 | 1.10377 |
| R2 | 1.10165 |
| R1 | 1.09963 |
| Daily Pivot | 1.09751 |
| S1 | 1.09549 |
| S2 | 1.09337 |
| S3 | 1.09135 |
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