• Sat. Jul 20th, 2024

🇪🇺 🇺🇸 EURUSD on Monday rose 0.19% to 1.07938. Pair in consolidation. What we know.

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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 0.19% 20.5 Pips
Week to-date 0.19% 20.5 Pips
September -0.44% -47.7 Pips

Upcoming key events (London Time)

  Tue 09:00 AM EUR European Central Bank’s President Christine Lagarde speech
  Wed 10:00 AM EUR Retail Trade Turnover (12-mth)
  Wed 03:00 PM USD ISM Services PMI

What happened lately

No major activities.


EURUSD Chart by TradingView

What can we expect from EURUSD today?

EURUSD on Monday rose 0.19% to 1.07938. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.07748 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.08090 or trades above daily pivot 1.07919. While to the downside, the daily low of 1.07729 and 1.07748 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.08090 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 1.0847
R2 1.0828
R1 1.08109
Daily Pivot 1.07919
S1 1.07748
S2 1.07558
S3 1.07387
On Key

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