{"id":1360,"date":"2024-05-06T15:07:51","date_gmt":"2024-05-06T15:07:51","guid":{"rendered":"https:\/\/thetalabmarketing.com\/?p=1360"},"modified":"2024-05-06T15:07:51","modified_gmt":"2024-05-06T15:07:51","slug":"eurusd-on-thursday-rose-0-3-to-1-07290-what-we-know","status":"publish","type":"post","link":"https:\/\/thetalabmarketing.net\/?p=1360","title":{"rendered":"EURUSD on Thursday rose 0.3% to 1.07290. What we know."},"content":{"rendered":"\n

Dear\u00a0<\/strong>,<\/p>\n\n\n\n

As requested, let\u2019s look at EURUSD and the recent events that happened in the previous trading session.<\/p>\n\n\n\n

EURUSD Analysis<\/strong><\/p>\n\n\n\n

Performance after Thursday<\/strong><\/td><\/tr>
Period<\/strong><\/td>Pct<\/strong><\/td>Chg<\/strong><\/td>Momentum<\/strong><\/td><\/tr>
Thursday<\/td>0.3%<\/td>32.3 Pips<\/td><\/td><\/tr>
Week to-date<\/td>0.72%<\/td>76.4 Pips<\/td><\/td><\/tr>
April<\/td>-0.57%<\/td>-61 Pips<\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Upcoming key events (London Time)<\/strong><\/p>\n\n\n\n

  Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)
  Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)<\/p>\n\n\n\n

What happened lately<\/strong><\/p>\n\n\n\n

\u00a0\u00a0U.S. Core Personal Consumption Expenditures (3-mth) in Q1 flash estimate rose to 3.7% compared to previous figure 2% in Q4 Source: Bureau of Economic Analysis
\u00a0\u00a0U.S. GDP Annualized in Q1 flash estimate dropped to 1.6% compared to previous figure 3.4% in Q4 Source: Bureau of Economic Analysis
\u00a0\u00a0In the week ending 20 April, U.S. Initial Unemployment Insurance Claims dropped to 207K compared to previous figure 212K Source: Department of Labor
\u00a0\u00a0U.S. Nondefense Capital Goods Orders excluding Aircraft in March dropped to 0.2% compared to previous figure 0.4% (revised from 0.7%) Source: Census Bureau
\u00a0\u00a0Germany ifo Current Assessment in April rose to 88.9 points compared to previous figure 88.1 points in March Source: ifo Institute<\/p>\n\n\n\n

\n\n\n\n

What can we expect from EURUSD today?<\/strong><\/p>\n\n\n\n

EURUSD on Thursday rose 0.3% to 1.07290. Price is above 9-Day EMA while Stochastic is rising.<\/p>\n\n\n\n

Updated daily direction for EURUSD looks bullish as the pair ended higher after Thursday trading session.<\/p>\n\n\n\n

Looking ahead for the day, immediate upside resistance level is R1 at 1.07533 with break above could target R2 at 1.07775 or figure level area. While towards the downside, we are looking at daily low of 1.06782 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.07400 may suggest continuation after recent positive movement.<\/p>\n\n\n\n

For the week to-date, take note that EURUSD is bullish as the pair continued to trade higher and is up by 0.72% over the past few days.<\/p>\n\n\n

\n
\"\"\/<\/a><\/figure><\/div>\n\n\n

Key levels to watch out:<\/strong><\/p>\n\n\n\n

R3<\/strong><\/td>1.08151<\/td><\/tr>
R2<\/strong><\/td>1.07775<\/td><\/tr>
R1<\/strong><\/td>1.07533<\/td><\/tr>
Daily Pivot<\/strong><\/td>1.07157<\/td><\/tr>
S1<\/strong><\/td>1.06915<\/td><\/tr>
S2<\/strong><\/td>1.06539<\/td><\/tr>
S3<\/strong><\/td>1.06297<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

Dear\u00a0, As requested, let\u2019s look at EURUSD and the recent events that happened in the previous trading session. EURUSD Analysis Performance after Thursday Period Pct Chg Momentum Thursday 0.3% 32.3 Pips Week to-date 0.72% 76.4 Pips April -0.57% -61 Pips Upcoming key events (London Time)   Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)  Fri […]<\/p>\n","protected":false},"author":1,"featured_media":1361,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-1360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-research"],"_links":{"self":[{"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=\/wp\/v2\/posts\/1360"}],"collection":[{"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1360"}],"version-history":[{"count":1,"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=\/wp\/v2\/posts\/1360\/revisions"}],"predecessor-version":[{"id":1362,"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=\/wp\/v2\/posts\/1360\/revisions\/1362"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=\/wp\/v2\/media\/1361"}],"wp:attachment":[{"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}