• Wed. Jul 17th, 2024

๐Ÿ‡ช๐Ÿ‡บ ๐Ÿ‡บ๐Ÿ‡ธ EURUSD on Monday dropped -0.17% to 1.09218. Pair in consolidation. What we know.

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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 -0.17% -18.3 Pips
Week to-date -0.22% -23.9 Pips
June 2.12% 226.6 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 -0.17% to 1.09218. Price is above 9-Day EMA while Stochastic is rising in overbought zone.

Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.09025 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.09462 or trades above daily pivot 1.09243. While to the downside, the daily low of 1.09050 and 1.09025 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A close below 1.09050 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 1.09849
R2 1.09655
R1 1.09437
Daily Pivot 1.09243
S1 1.09025
S2 1.08831
S3 1.08613

 

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