🇪🇺 🇺🇸 EURUSD on Monday dropped -0.32% to 1.08670. What you need to know.

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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: