{"id":1363,"date":"2024-05-06T15:09:33","date_gmt":"2024-05-06T15:09:33","guid":{"rendered":"https:\/\/thetalabmarketing.com\/?p=1363"},"modified":"2024-05-06T15:09:33","modified_gmt":"2024-05-06T15:09:33","slug":"eurusd-on-friday-dropped-0-33-to-1-06922-week-ending-2024-04-26-rose-0-37-whats-going-on","status":"publish","type":"post","link":"https:\/\/thetalabmarketing.net\/?p=1363","title":{"rendered":"EURUSD on Friday dropped -0.33% to 1.06922. Week ending 2024-04-26 rose 0.37%. What\u2019s going on."},"content":{"rendered":"\n<p><strong>Dear&nbsp;<\/strong>,<\/p>\n\n\n\n<p>As requested, let\u2019s look at EURUSD and the recent events that happened in the previous trading session.<\/p>\n\n\n\n<p><strong>EURUSD Analysis<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td colspan=\"6\"><strong>Performance<\/strong><\/td><\/tr><tr><td><strong>Period<\/strong><\/td><td><strong>Pct<\/strong><\/td><td><strong>Chg<\/strong><\/td><td><strong>Momentum<\/strong><\/td><\/tr><tr><td>Friday<\/td><td>-0.33%<\/td><td>-35.9 Pips<\/td><td><img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/trend-mixed-down.jpg\" width=\"32px\"><\/td><\/tr><tr><td>Week 2024-04-26<\/td><td>0.37%<\/td><td>39.6 Pips<\/td><td><img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/trend-up.jpg\" width=\"32px\"><\/td><\/tr><tr><td>April<\/td><td>-0.91%<\/td><td>-97.8 Pips<\/td><td><img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/trend-down.jpg\" width=\"32px\"><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Upcoming key events for the new week (London Time)<\/strong><\/p>\n\n\n\n<p><img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/flag\/DE.png\">&nbsp;<img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/impact\/HIGH.png\">&nbsp;Mon 01:00 PM CPI Inflation Rate (1-mth)<br><img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/flag\/DE.png\">&nbsp;<img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/impact\/HIGH.png\">&nbsp;Mon 01:00 PM CPI Inflation Rate (12-mth)<br><img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/flag\/EMU.png\">&nbsp;<img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/impact\/HIGH.png\">&nbsp;Tue 10:00 AM GDP (seasonally adjusted) (3-mth)<br><img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/flag\/EMU.png\">&nbsp;<img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/impact\/HIGH.png\">&nbsp;Tue 10:00 AM Harmonized Index of Consumer Prices (HICP) (1-mth)<br><img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/flag\/EMU.png\">&nbsp;<img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/impact\/HIGH.png\">&nbsp;Tue 10:00 AM Harmonised Index of Consumer Prices (HICP) (12-mth)<br><img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/flag\/DE.png\">&nbsp;<img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/impact\/NONE.png\">&nbsp;Tue 11:00 PM Labour Day<br><img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/flag\/US.png\">&nbsp;<img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/impact\/HIGH.png\">&nbsp;Wed 07:00 PM Fed Interest Rate Decision (Federal Funds Rate)<br><img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/flag\/US.png\">&nbsp;<img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/impact\/MEDIUM.png\">&nbsp;Thu 01:30 PM Initial Unemployment Insurance Claims<br><img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/flag\/US.png\">&nbsp;<img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/impact\/HIGH.png\">&nbsp;Fri 01:30 PM Average Hourly Earnings (1-mth)<br><img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/flag\/US.png\">&nbsp;<img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/impact\/HIGH.png\">&nbsp;Fri 01:30 PM Average Hourly Earnings (12-mth)<br><img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/flag\/US.png\">&nbsp;<img decoding=\"async\" src=\"https:\/\/economicrecap.com\/images\/impact\/HIGH.png\">&nbsp;Fri 01:30 PM Nonfarm Payroll Employment<\/p>\n\n\n\n<p><strong>What happened over the week<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u00a0U.S. Michigan Index of Consumer Sentiment in April dropped to 77.2 points compared to previous figure 77.9 points in March Source: University of Michigan<\/li>\n\n\n\n<li>\u00a0U.S. Personal Spending in March unchanged at 0.8% compared to previous report in February. Source: Bureau of Economic Analysis<\/li>\n\n\n\n<li>\u00a0U.S. Personal Consumption Expenditures \u2013 Price Index (12-mth) in March rose to 2.7% compared to previous figure 2.5% in February<\/li>\n\n\n\n<li>\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<\/li>\n\n\n\n<li>U.S. GDP Annualized in Q1 flash estimate dropped to 1.6% compared to previous figure 3.4% in Q4 Source: Bureau of Economic Analysis<\/li>\n\n\n\n<li>In the week ending 20 April, U.S. Initial Unemployment Insurance Claims dropped to 207K compared to previous figure 212K Source: Department of Labor<\/li>\n\n\n\n<li>\u00a0U.S. Durable Goods Orders in March rose to 1.4% compared to previous figure 0.7% (revised from 1.4%) Source: Census Bureau<\/li>\n\n\n\n<li>\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<\/li>\n\n\n\n<li>\u00a0Germany ifo Current Assessment in April rose to 88.9 points compared to previous figure 88.1 points in March Source: ifo Institute<\/li>\n\n\n\n<li>\u00a0Euro Area Consumer Confidence in April flash estimate improved to -14.7 points compared to previous figure -14.9 points in March Source: DG ECFIN<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>What can we expect from EURUSD for the new week and what happened on Friday?<\/strong><\/p>\n\n\n\n<p>EURUSD on Friday&nbsp;dropped&nbsp;-0.33% to 1.06922. Price is below 9-Day EMA while Stochastic is falling in overbought zone. For the week ending 2024-04-26, the pair&nbsp;rose&nbsp;0.37% or 39.6 pips&nbsp;higher.<\/p>\n\n\n\n<p>Looking ahead on Monday, EURUSD looks mixed as the pair is likely to consolidate above week low of 1.06237.<\/p>\n\n\n\n<p>As for the new week, our technical outlook looks&nbsp;bullish, immediate upside resistance level at 1.07556 (WR1) with break above could target 1.08189 (WR2). On the downside, we are looking at week low of 1.06237 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.07530 would suggest bullish bias after recent positive movement.<\/p>\n\n\n\n<p>For the month of April, EURUSD is&nbsp;down by&nbsp;-0.91% or -97.8 pips lower.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/pricebreakout.com\/23fds49\/2024_0428_EURUSD.png\"><img decoding=\"async\" src=\"https:\/\/pricebreakout.com\/23fds49\/2024_0428_EURUSD.png\" alt=\"\"\/><\/a><\/figure><\/div>\n\n\n<p><strong>Weekly key levels to watch out:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>R3<\/strong><\/td><td>1.08849<\/td><\/tr><tr><td><strong>R2<\/strong><\/td><td>1.08189<\/td><\/tr><tr><td><strong>R1<\/strong><\/td><td>1.07556<\/td><\/tr><tr><td><strong>Weekly Pivot<\/strong><\/td><td>1.06896<\/td><\/tr><tr><td><strong>S1<\/strong><\/td><td>1.06263<\/td><\/tr><tr><td><strong>S2<\/strong><\/td><td>1.05603<\/td><\/tr><tr><td><strong>S3<\/strong><\/td><td>1.04970<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Dear&nbsp;, As requested, let\u2019s look at EURUSD and the recent events that happened in the previous trading session. EURUSD Analysis Performance Period Pct Chg Momentum Friday -0.33% -35.9 Pips Week 2024-04-26 0.37% 39.6 Pips April -0.91% -97.8 Pips Upcoming key events for the new week (London Time) &nbsp;&nbsp;Mon 01:00 PM CPI Inflation Rate (1-mth)&nbsp;&nbsp;Mon 01:00 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1364,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-1363","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\/1363"}],"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=1363"}],"version-history":[{"count":1,"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=\/wp\/v2\/posts\/1363\/revisions"}],"predecessor-version":[{"id":1365,"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=\/wp\/v2\/posts\/1363\/revisions\/1365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=\/wp\/v2\/media\/1364"}],"wp:attachment":[{"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}