🇪🇺 🇺🇸 EURUSD on Monday rose 0.15% to 1.07621. Pair in consolidation. What we know.

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 Monday rose 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: