{"id":796,"date":"2024-03-23T21:51:44","date_gmt":"2024-03-23T21:51:44","guid":{"rendered":"https:\/\/thetalabmarketing.net\/?p=796"},"modified":"2024-03-23T21:51:44","modified_gmt":"2024-03-23T21:51:44","slug":"eurusd-on-thursday-dropped-0-55-to-1-08612-pair-in-consolidation-winners-and-losers","status":"publish","type":"post","link":"https:\/\/thetalabmarketing.net\/?p=796","title":{"rendered":"EURUSD on Thursday dropped -0.55% to 1.08612. Pair in consolidation. Winners and losers."},"content":{"rendered":"\n

Dear <\/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>-0.55%<\/td>-59.9 Pips<\/td><\/td><\/tr>
Week to-date<\/td>-0.24%<\/td>-25.7 Pips<\/td><\/td><\/tr>
March<\/td>0.52%<\/td>55.9 Pips<\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

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

  Fri 01:00 PM USD Federal Reserve Chair Jerome Powell speech<\/p>\n\n\n\n

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

\u00a0\u00a0U.S. Philadelphia Fed Manufacturing Survey in March dropped to 3.2 points compared to previous figure 5.2 points in February
\u00a0\u00a0U.S. Interest Rate Projections \u2013 2nd year dropped to 3.1% compared to previous rate 3.6%
\u00a0\u00a0U.S. Fed Interest Rate Decision (Federal Funds Rate) unchanged at 5.5% compared to previous rate 5.5% Source: Federal Reserve
\u00a0\u00a0U.S. Interest Rate Projections \u2013 Longer rose to 2.6% compared to previous rate 2.5%
\u00a0\u00a0U.S. Interest Rate Projections \u2013 1st year below forecast and dropped to 3.9% compared to previous rate 4.6%
\u00a0\u00a0U.S. Interest Rate Projections dropped to 4.6% compared to previous rate 5.4%
\u00a0\u00a0Euro Area Consumer Confidence in March flash estimate improved to -14.9 points compared to previous figure -15.5 points in February Source: DG ECFIN
\u00a0\u00a0Germany Producer Price Index (12-mth) in February improved to -4.1% compared to previous figure -4.4% in January<\/p>\n\n\n\n

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

EURUSD on Thursday dropped -0.55% to 1.08612. Price is below 9-Day EMA while Stochastic is rising.<\/p>\n\n\n\n

Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.083 (S1).<\/p>\n\n\n\n

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.09426 or trades above daily pivot 1.08863. Break above could target R1 at 1.09175. While to the downside, we are looking at 1.083 (S1) and daily low of 1.08551 as support levels. EURUSD need to break on either side to indicate a short-term bias. A close below 1.08551 would indicate selling pressure.<\/p>\n\n\n\n

For the week to-date, take note that EURUSD is bearish as the pair posted lower by -0.24%.<\/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>1.1005<\/td><\/tr>
R2<\/strong><\/td>1.09738<\/td><\/tr>
R1<\/strong><\/td>1.09175<\/td><\/tr>
Daily Pivot<\/strong><\/td>1.08863<\/td><\/tr>
S1<\/strong><\/td>1.083<\/td><\/tr>
S2<\/strong><\/td>1.07988<\/td><\/tr>
S3<\/strong><\/td>1.07425<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

Dear , 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 -0.55% -59.9 Pips Week to-date -0.24% -25.7 Pips March 0.52% 55.9 Pips Upcoming key events (London Time)   Fri 01:00 PM USD Federal Reserve Chair Jerome Powell speech […]<\/p>\n","protected":false},"author":1,"featured_media":797,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-796","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\/796"}],"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=796"}],"version-history":[{"count":1,"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=\/wp\/v2\/posts\/796\/revisions"}],"predecessor-version":[{"id":798,"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=\/wp\/v2\/posts\/796\/revisions\/798"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=\/wp\/v2\/media\/797"}],"wp:attachment":[{"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thetalabmarketing.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}