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 | -0.89% | -93.9 Pips |  |
||
| Week to-date | -0.89% | -93.9 Pips | |
||
| October | -0.89% | -93.9 Pips |  |
||
Upcoming key events (London Time)
 
 Wed 10:00 AM EUR Retail Trade Turnover (12-mth)
  Wed 05:00 PM EUR European Central Bank’s President Christine Lagarde speech
What happened lately
No major activities.
What can we expect from EURUSD today?
EURUSD on Monday dropped -0.89% to 1.04770. Price is below 9-Day EMA while Stochastic is rising in oversold zone.
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 1.04373 (S1) with break below could see further selling pressure towards 1.03976 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.05919 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.04749 would indicate selling pressure.
For the week to-date, take note that EURUSD is bearish as the pair posted lower by -0.89%.
Key levels to watch out:
| R3 | 1.06713 |
| R2 | 1.06316 |
| R1 | 1.05543 |
| Daily Pivot | 1.05146 |
| S1 | 1.04373 |
| S2 | 1.03976 |
| S3 | 1.03203 |
