EURUSD Analysis
| Performance after Tuesday | |||
| Period | Pct | Chg | Momentum |
| Tuesday | 0.01% | 1.0 Pips | ▲ |
| Week to-date | 0.33% | 37.0 Pips | ▲ |
| June | -2.05% | -239.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Thu 08:30 PM | USD | HIGH | Average Hourly Earnings (1-mth) |
| Thu 08:30 PM | USD | HIGH | Nonfarm Payroll Employment |
What can we expect from EURUSD today?
The EURUSD pair closed with a marginal gain of 0.01% on Tuesday, ending the day at 1.14210. The daily outlook remains mixed as the pair hovers near its daily pivot point of 1.14127.
📈 Bull Scenario A bullish scenario may unfold if the EURUSD breaks above the daily high of 1.14360, potentially targeting the first resistance level at 1.14443. Further upward momentum could see the pair testing the second resistance level at 1.14677, especially if the price moves above the 9-day EMA. | 📉 Bear Scenario Conversely, a bearish scenario could be triggered if the EURUSD falls below the daily low of 1.13810, with the first support level at 1.13893 in focus. A sustained move below this level might lead to further declines towards the second support level at 1.13577, particularly if the falling stochastic continues to indicate downward pressure. |
Key levels to watch out:
| R3 | 1.14993 |
| R2 | 1.14677 |
| R1 | 1.14443 |
| Daily Pivot | 1.14127 |
| S1 | 1.13893 |
| S2 | 1.13577 |
| S3 | 1.13343 |