EURUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.27% | 30.9 Pips |  |
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| Week to-date | 0.78% | 90 Pips |  |
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| June | 2.34% | 266 Pips | |
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Upcoming key events (London Time)
Wed 03:00 PM USD Federal Reserve Chair Jerome Powell testifies Thu 01:30 PM USD GDP annual rate
What happened lately
In the United States, the House Price Index for April 2025 experienced a decline, dropping to -0.4% from -0.1% in March, as reported by the FHFA. This decrease signals a continuing slowdown in the housing market, which might indicate broader economic challenges or a potential cooling of the real estate market. A decline in the House Price Index can have ripple effects through the economy, potentially impacting consumer spending and financial markets as home equity and perceived wealth decrease.
In Germany, economic sentiments are improving according to the latest data from the ifo Institute. In June 2025, the ifo Business Climate Index saw an increase to 88.4 points from 87.5 points in May. Concurrently, the ifo Expectations index rose to 90.7 points from 88.9 points and the Current Assessment improved slightly to 86.2 points from 86.1. These increases suggest that businesses in Germany are more optimistic about the economic outlook and the current business conditions. This optimism could stimulate investment and consumer spending in Germany’s economy, potentially bolstering economic growth in the upcoming months.
The increase in Germany’s business climate indicators, coupled with the decline in the U.S. House Price Index, has implications for the EURUSD currency pair. The improvement in German economic conditions provides upward pressure on the euro due to increased investor confidence in the Eurozone’s largest economy. Conversely, the negative data from the U.S. indicates potential vulnerabilities in its economic outlook, which could lead to a weaker dollar. On Tuesday, the EURUSD rose by 0.27% to 1.16079, reacting positively to the robust German economic data. Investors will also keep a close watch on upcoming events, such as Federal Reserve Chair Jerome Powell’s testimony and the U.S. GDP annual rate release, as these could introduce new volatility and influence future EURUSD movements.
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What can we expect from EURUSD today?
EURUSD on Tuesday rose 0.27% to 1.16079. 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 1.16423 with break above could target R2 at 1.16768 or figure level area. While towards the downside, we are looking at daily low of 1.15724 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.16418 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 | 1.17117 |
| R2 | 1.16768 |
| R1 | 1.16423 |
| Daily Pivot | 1.16074 |
| S1 | 1.15729 |
| S2 | 1.1538 |
| S3 | 1.15035 |
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