EURUSD Analysis
| Performance after Thursday | |||
| Period | Pct | Chg | Momentum |
| Thursday | -0.77% | -87.0 Pips | ▼ |
| Week to-date | -1.32% | -150.0 Pips | ▼ |
| October | -0.77% | -87.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| 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?
The EURUSD pair closed at 1.12410 on Wednesday, marking a daily decline of 0.77%. The pair remains in a bearish trend, with the price trading below the 9-day EMA and a weekly performance of -1.32% so far.
📈 Bull Scenario A bullish scenario for EURUSD could emerge if the pair manages to break above the daily pivot point at 1.12637. Further upward momentum might target the first resistance level (R1) at 1.13133, with a potential extension to the second resistance level (R2) at 1.13857 if buying pressure increases. | 📉 Bear Scenario On the downside, a continuation of the bearish trend could be triggered if EURUSD falls below the first support level (S1) at 1.11913. A further decline might see the pair testing the second support level (S2) at 1.11417, especially if the price remains below the 9-day EMA and the stochastic indicator continues to rise from the oversold zone. |
Key levels to watch out:
| R3 | 1.14353 |
| R2 | 1.13857 |
| R1 | 1.13133 |
| Daily Pivot | 1.12637 |
| S1 | 1.11913 |
| S2 | 1.11417 |
| S3 | 1.10693 |