EURUSD Analysis
| Performance after Thursday | |||
| Period | Pct | Chg | Momentum |
| Thursday | 0.11% | 12.0 Pips | ▲ |
| Week to-date | -0.86% | -99.0 Pips | ▼ |
| June | -2.49% | -290.0 Pips | ▼ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from EURUSD today?
EURUSD closed with a slight gain of 0.11% on Wednesday, ending the day at 1.13690. The pair’s performance remains mixed with a bearish weekly outlook.
📈 Bull Scenario A bullish scenario could emerge if EURUSD breaks above the daily high of 1.13880. This move might target the first resistance level (R1) at 1.13937, with further upside potential towards the second resistance level (R2) at 1.14183. However, the pair remains below the 9-day EMA, which may limit upward momentum. | 📉 Bear Scenario On the downside, a bearish trend could be triggered if EURUSD falls below the daily pivot of 1.13633. A decline towards the first support level (S1) at 1.13387 could ensue, with further losses potentially extending to the second support level (S2) at 1.13083. The falling stochastic in the oversold zone suggests continued bearish pressure. |
Key levels to watch out:
| R3 | 1.14487 |
| R2 | 1.14183 |
| R1 | 1.13937 |
| Daily Pivot | 1.13633 |
| S1 | 1.13387 |
| S2 | 1.13083 |
| S3 | 1.12837 |