EURUSD by TradingView
| Wednesday | |||
| Open | High | Low | Close |
| 1.07350 | 1.07444 | 1.06590 | 1.06887 |
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | -0.45% | -47.9 Pips |  |
||
| Week to-date | 0.12% | 13.3 Pips |  |
||
| February | -1.60% | -173.9 Pips | |
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Upcoming key events (London Time)
No further events
What happened lately
📆 ☢️ 🇺🇸 USD Retail Sales Control Group in January exceed forecast and rose to 1.7% compared to previous figure -0.7% in December. Source 📆 ☢️ 🇺🇸 USD Consumer Price Index ex Food & Energy (YoY) in January exceed forecast and dropped to 5.6% compared to previous figure 5.7% in December. Source
📆 ☢️ 🇪🇺 EUR Gross Domestic Product s.a. (QoQ) in Q4 preliminary estimate unchanged at 0.1% compared to previous report in Q3. The actual figure is also in line with the forecast. Source
What can we expect from EURUSD today?
EURUSD on Wednesday dropped -0.45% to 1.0689. Price is below 9-Day EMA while Stochastic is rising but in oversold zone.
Updated daily direction for EURUSD looks bearish as the pair posted lower in Wednesday trading session.
Looking ahead for the day, immediate support level is at 1.06503 (S1) with break below could see further selling pressure towards 1.06120 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.0744 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. EURUSD need to break on either side to indicate a short-term bias. A close below 1.0659 would indicate selling pressure.
For the week to-date, take note that EURUSD is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
| R3 | 1.08211 |
| R2 | 1.07828 |
| R1 | 1.07357 |
| Daily Pivot | 1.06974 |
| S1 | 1.06503 |
| S2 | 1.06120 |
| S3 | 1.05649 |
You might also be interested in:
Construction of buildings indices, Civil engineering indices and miscellaneous indices for construction in December 2022 Source: INSEE
GDP up by 0.1% and employment up by 0.4% in the euro area Source: Eurostat
CPI for all items rises 0.5% in January as shelter increases Source: Bureau of Labor Statistics Publications In Q4 2022, the unemployment rate was virtually stable at 7.2% Source: INSEE
Last updated: 11:33 pm UTC, 15-Feb 2023
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