EURUSD on Thursday rose 0.06% to 1.08252. What we know.

EURUSD Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday0.06%6.7 Pips
Week to-date0.47%50.3 Pips
February0.07%7.2 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇪🇺 Euro Area Consumer Confidence in February flash estimate improved to -15.5 points compared to previous figure -16.1 points in January Source: DG ECFIN

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What can we expect from EURUSD today?

EURUSD on Thursday rose 0.06% to 1.08252. Price is above 9-Day EMA while Stochastic is falling.

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 1.08748 with break above could target R2 at 1.09243 or figure level area. While towards the downside, we are looking at daily low of 1.08025 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.08882 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 0.47% over the past few days.

Key levels to watch out:

R31.09605
R21.09243
R11.08748
Daily Pivot1.08386
S11.07891
S21.07529
S31.07034

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