🇪🇺 🇺🇸 EURUSD on Monday rose 0.07% to 1.09145. Pair in consolidation. What we know.

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	0.07%	7.1 Pips
Week to-date	0.07%	7.1 Pips
July	0.07%	7.1 Pips

Upcoming key events (London Time)

Tue 06:00 AM USD Independence Day
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 rose 0.07% to 1.09145. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.08784 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.09339 or trades above daily pivot 1.09061. While to the downside, the daily low of 1.08700 and 1.08784 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.09339 may suggest continuation after recent positive movement.

For the week to-date, take note that EURUSD is mixed as compared to prior week.

Key levels to watch out: