• Sun. Jul 21st, 2024

🇪🇺 🇺🇸 EURUSD on Monday dropped -0.32% to 1.08670. What you need to 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 -0.32% -34.4 Pips
Week to-date -0.32% -34.4 Pips
April 0.27% 28.9 Pips

Upcoming key events (London Time)

Tue 10:00 AM EUR Retail Trade Turnover (12-mth) | Mar
Wed 01:30 PM USD CPI Inflation Rate (12-mth) | Mar
Wed 01:30 PM USD CPI Inflation Rate excluding Food & Energy sectors (12-mth) | Mar
Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

No major activities.


EURUSD Chart by TradingView

What can we expect from EURUSD today?

EURUSD on Monday dropped -0.32% to 1.08670. Price is neutral near 9-Day EMA while Stochastic is falling.

Updated daily direction for EURUSD looks bearish as the pair posted lower in Monday trading session.

Looking ahead for the day, immediate support level is at 1.08256 (S1) with break below could see further selling pressure towards 1.07841 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.09173 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.08300 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 1.10002
R2 1.09587
R1 1.09129
Daily Pivot 1.08714
S1 1.08256
S2 1.07841
S3 1.07383


On Key

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