EURUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.14% | 16 Pips |  |
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| Week to-date | -0.04% | -5 Pips |  |
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| August | 3.32% | 359 Pips |  |
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Upcoming key events (London Time)
Thu 01:00 PM EUR CPI Inflation Rate (12-mth)
Thu 01:30 PM USD GDP annual rate
What happened lately
🇺🇸 U.S. House Price Index (1-mth) in June dropped to -0.1% from 0% in May. Source: FHFA 🇩🇪 Germany’s Gross Domestic Product WDA (12-mth) in Q2 remained unchanged at 0.3% compared to the previous report in Q1. Source: Federal Statistical Office (Destatis) 🇩🇪 Germany’s GDP (3-mth) in Q2 remained unchanged at -0.1% compared to the previous report in Q1. Source: Federal Statistical Office (Destatis) 🇩🇪 Germany’s GDP (12-month) in Q2 rose to 0%, up from -0.1% in Q1. Source: Federal Statistical Office (Destatis) Germany’s Gfk Consumer Confidence Survey in September dropped to -22 points, compared to the previous figure of -18.6 points, revised from -18.4 points in August. Source: GfK 🇺🇸 U.S. Durable Goods Orders excluding Transportation in July dropped to -0.2% from the revised June figure of 0.4%, which was initially reported as 0.5%. Source: Census Bureau U.S. Durable Goods Orders excluding Defense in July increased to 10.4%, compared to the revised figure of -7.2% (previously -7%) in June. Source: Census Bureau 🇺🇸 U.S. Nondefense Capital Goods Orders excluding Aircraft in July dropped to -0.1% from a revised 0.9% in June. Source: Census Bureau 🇺🇸 U.S. Durable Goods – New Orders in July rose to 9.9%, compared to the previous figure of -6.7%, revised from -6.6% in June. Source: Census Bureau Germany’s ifo Business Climate in August dropped to 86.6 points from 87 points in July. Source: ifo Institute The ifo Business Climate in Germany for August declined to 86.6 points from 87 points in July. Source: ifo Institute 🇩🇪 Germany’s ifo Expectations in August dropped to 86.8 points from 86.9 points in July. Source: ifo Institute 🇩🇪 Germany’s ifo Current Assessment in August dropped to 86.5 points from 87.1 points in July. Source: ifo Institute
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What can we expect from EURUSD today?
EURUSD on Tuesday rose 0.14% to 1.11829. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for EURUSD looks bullish as the pair ended higher after Tuesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 1.1199 with break above could target R2 at 1.1215 or figure level area. While towards the downside, we are looking at daily low of 1.11501 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.11906 may suggest continuation after recent positive movement.
For the week to-date, take note that EURUSD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 1.12395 |
| R2 | 1.1215 |
| R1 | 1.1199 |
| Daily Pivot | 1.11745 |
| S1 | 1.11585 |
| S2 | 1.1134 |
| S3 | 1.1118 |
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