• Sun. Jul 14th, 2024

🇪🇺 🇺🇸 EURUSD on Monday dropped -0.36% to 1.09046. How it happened.


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Dear ,

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 -0.36% -39 Pips
Week to-date -0.36% -39 Pips
August -0.84% -92.2 Pips

Upcoming key events (London Time)

  Tue 12:00 AM EUR Assumption of Mary
  Tue 01:30 PM USD Monthly Retail Trade (1-mth)
  Wed 10:00 AM EUR GDP (seasonally adjusted) (3-mth)
  Wed 10:00 AM EUR GDP (seasonally adjusted) (12-mth)
  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 -0.36% 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:

R3 1.10374
R2 1.09988
R1 1.09517
Daily Pivot 1.09131
S1 1.0866
S2 1.08274
S3 1.07803
On Key

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