• Tue. Dec 5th, 2023

πŸ‡ͺπŸ‡Ί πŸ‡ΊπŸ‡Έ EURUSD on Monday rose 0.15% to 1.07621. 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 0.15% 16.1 Pips
Week to-date 0.15% 16.1 Pips
June 0.72% 76.5 Pips

Upcoming key events (London Time)

Tue 07:00 AM EUR Harmonised Index of Consumer Prices (HICP) (12-mth)
Tue 01:30 PM USD CPI Inflation Rate (12-mth)
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 07:00 PM USD Interest Rate Projections

What happened lately

No major activities.

EURUSD Chart by TradingView

What can we expect from EURUSD today?

EURUSD on MondayΒ roseΒ 0.15% to 1.07621. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.07333 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.07901 or trades above daily pivot 1.07617. While to the downside, the daily low of 1.07329 and 1.07333 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.07901 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:

R3 1.08477
R2 1.08189
R1 1.07905
Daily Pivot 1.07617
S1 1.07333
S2 1.07045
S3 1.06761


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