• Thu. Apr 18th, 2024

🇪🇺 🇺🇸 EURUSD on Monday rose 0.33% to 1.08287. 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 0.33% 35.7 Pips
Week to-date 0.33% 35.7 Pips
August -1.53% -168.1 Pips

Upcoming key events (London Time)

  Wed 01:00 PM EUR CPI Inflation Rate (12-mth)
  Wed 01:15 PM USD ADP Non-Farm Employment Change
  Wed 01:30 PM USD GDP Annualized

What happened lately

No major activities.


EURUSD Chart by TradingView

What can we expect from EURUSD today?

EURUSD on Monday rose 0.33% to 1.08287. Price is below 9-Day EMA while Stochastic is rising in oversold zone.

Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.08067 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.08292 or trades above daily pivot 1.08179. While to the downside, the daily low of 1.07959 and 1.08067 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.08292 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 1.08733
R2 1.08512
R1 1.084
Daily Pivot 1.08179
S1 1.08067
S2 1.07846
S3 1.07734
On Key

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