EURUSD Analysis
Performance after Monday |
Period |
Pct |
Chg |
Momentum |
|
|
Monday |
0.26% |
28.4 Pips |
|
|
|
Week to-date |
0.26% |
28.4 Pips |
|
|
|
May |
-1.26% |
-138.6 Pips |
|
|
|
Upcoming key events (London Time)
Tue 10:00 AM EUR GDP (seasonally adjusted) (3-mth)
Tue 10:00 AM EUR GDP (seasonally adjusted) (12-mth)
Tue 01:30 PM USD Retail Trade Turnover (1-mth)
Tue 01:30 PM USD Retail Trade Control Group
Tue 03:00 PM EUR European Central Bank’s President Christine Lagarde speech
Wed 11:00 PM EUR Ascension Day
What happened lately
No major activities.

EURUSD Chart by TradingView
What can we expect from EURUSD today?
EURUSD on Monday rose 0.26% to 1.08754. Price is below 9-Day EMA while Stochastic is falling in oversold zone.
Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.08513 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.08908 or trades above daily pivot 1.08711. While to the downside, the daily low of 1.08470 and 1.08513 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.08908 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 |
1.09389 |
R2 |
1.09149 |
R1 |
1.08951 |
Daily Pivot |
1.08711 |
S1 |
1.08513 |
S2 |
1.08273 |
S3 |
1.08075 |
|