• Thu. Jul 18th, 2024

๐Ÿ‡ช๐Ÿ‡บ ๐Ÿ‡บ๐Ÿ‡ธ EURUSD on Monday dropped -0.16% to 1.07080. Pair in consolidation. Things to look out.

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As requested, let’s look at EURUSD and the recent events that happened in the previous trading session.
EURUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.16% -17 Pips
Week to-date -0.16% -17 Pips
May -2.78% -306 Pips

Upcoming key events (London Time)

No further events

What happened lately

No major activities.

EURUSD Chart by TradingView

What can we expect from EURUSD today?

EURUSD on Mondayย droppedย -0.16% to 1.07080. Price is below 9-Day EMA while Stochastic is rising in oversold zone.

Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.06935 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.07435 or trades above daily pivot 1.07185. While to the downside, the daily low of 1.07040 and 1.06935 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A close below 1.07040 would indicate selling pressure.

For the week to-date, take note that EURUSD is mixed as compared to prior week.

Key levels to watch out:

R3 1.07725
R2 1.0758
R1 1.0733
Daily Pivot 1.07185
S1 1.06935
S2 1.0679
S3 1.0654

 

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