|Performance after Wednesday|
|Week to-date||1.84%||195.7 Pips|
Upcoming key events (London Time)
Fri 12:30 PM USD Durable Goods Orders
Fri 12:30 PM USD Nondefense Capital Goods excluding Aircraft
What happened lately
📆 ☢️ 🇺🇸 USD Fed Interest Rate Decision (Federal Funds Rate) rose to 5% compared to previous rate 4.75%. Source
📆 🇩🇪 EUR ZEW Survey – Economic Sentiment in March below forecast and dropped to 13 points compared to previous figure 28.1 points in February. Source
What can we expect from EURUSD today?
EURUSD on Wednesday rose 0.85% to 1.08596. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for EURUSD looks bullish as the pair ended higher after Wednesday trading session.
Looking ahead for the day, immediate upside resistance level is at 1.09291 (R1) while on the downside, we are looking at daily low of 1.07570 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.09125 would suggest bullish bias after recent positive movement.
For the week to-date, take note that EURUSD is bullish as the pair continued to trade higher and is up by 1.84% over the past few days.
Key levels to watch out:
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