EURUSD Analysis
| Performance after Wednesday | |||
| Period | Pct | Chg | Momentum |
| Wednesday | -0.11% | -12.0 Pips | ▼ |
| Week to-date | -0.55% | -63.0 Pips | ▼ |
| September | -2.48% | -288.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Thu 09:30 PM | EUR | HIGH | European Central Bank’s President Christine Lagarde speech |
| Thu 10:00 PM | USD | HIGH | ISM Manufacturing PMI |
| Fri 05:00 PM | EUR | HIGH | Core Harmonized Index of Consumer Prices (HICP) (1-mth) |
| Fri 05:00 PM | EUR | HIGH | Core Harmonised Index of Consumer Prices (HICP) (12-mth) |
| Fri 05:00 PM | EUR | HIGH | Harmonized Index of Consumer Prices (HICP) (1-mth) |
| Fri 05:00 PM | EUR | HIGH | Harmonised Index of Consumer Prices (HICP) (12-mth) |
| Fri 08:30 PM | USD | HIGH | Average Hourly Earnings (1-mth) |
| Fri 08:30 PM | USD | HIGH | Average Hourly Earnings (12-mth) |
| Fri 08:30 PM | USD | HIGH | Nonfarm Payroll Employment |
| Sat 06:00 AM | EUR | NONE | German Unity Day |
What can we expect from EURUSD today?
EURUSD is experiencing a mixed outlook today, following a slight decline of 0.11% in the previous session, closing at 1.13280. The pair remains below the 9-day EMA, with a weekly performance showing a bearish trend.
📈 Bull Scenario A bullish scenario for EURUSD could be triggered if the pair manages to break above the daily pivot at 1.13433 and sustains momentum. Traders should watch for a move towards the first resistance level (R1) at 1.13647, with further gains potentially targeting the second resistance level (R2) at 1.14013. | 📉 Bear Scenario On the downside, if EURUSD fails to hold above the daily pivot, it may test the first support level (S1) at 1.13067. A break below this level could lead to further declines, with the next support level (S2) at 1.12853 coming into focus. |
Key levels to watch out:
| R3 | 1.14227 |
| R2 | 1.14013 |
| R1 | 1.13647 |
| Daily Pivot | 1.13433 |
| S1 | 1.13067 |
| S2 | 1.12853 |
| S3 | 1.12487 |