EURUSD Analysis
| Performance after Wednesday | |||
| Period | Pct | Chg | Momentum |
| Wednesday | -0.21% | -24.0 Pips | ▼ |
| Week to-date | -0.97% | -111.0 Pips | ▼ |
| June | -2.59% | -302.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Thu 08:30 PM | USD | HIGH | PCE Price Index, excluding food and energy (1-mth) |
What can we expect from EURUSD today?
EURUSD closed at 1.13570 on Wednesday, marking a 0.21% decline for the day. The pair remains below the 9-day EMA, indicating a bearish daily outlook, with the weekly performance down by 0.97% so far.
📈 Bull Scenario A bullish scenario for EURUSD could be triggered if the pair manages to break above the daily pivot of 1.1355 and sustain momentum towards the first resistance level (R1) at 1.1386. Further bullish momentum could see the pair testing the second resistance level (R2) at 1.1415, especially if the stochastic indicator continues to rise from the oversold zone. | 📉 Bear Scenario On the downside, a bearish continuation may occur if EURUSD falls below the first support level (S1) at 1.1326. A sustained move below this level could open the path towards the second support level (S2) at 1.1295, aligning with the overall bearish daily and weekly outlook. |
Key levels to watch out:
| R3 | 1.1446 |
| R2 | 1.1415 |
| R1 | 1.1386 |
| Daily Pivot | 1.1355 |
| S1 | 1.1326 |
| S2 | 1.1295 |
| S3 | 1.1266 |