Dear ,
As requested, let’s look at EURUSD and the recent events that happened in the previous trading session.
EURUSD Analysis
Upcoming key events (London Time)
What happened lately No major activities.
EURUSD Chart by TradingView
What can we expect from EURUSD today? EURUSD on Monday dropped -0.36% to 1.09046. Price is below 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 1.0866 (S1) with break below could see further selling pressure towards 1.08274 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.09602 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.08745 would indicate selling pressure.For the week to-date, take note that EURUSD is bearish as the pair posted lower by -0.36%. Key levels to watch out:
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