• Sun. Dec 3rd, 2023

๐Ÿ‡ช๐Ÿ‡บ ๐Ÿ‡บ๐Ÿ‡ธ EURUSD on Monday rose 0.48% to 1.07500. What we know.

Dearย ,

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 0.48% 51 Pips
Week to-date 0.48% 51 Pips
September -0.84% -91.5 Pips

Upcoming key events (London Time)

ย ย Wed 01:30 PM USD CPI Inflation Rate (12-mth)
ย ย Wed 01:30 PM USD CPI Inflation Rate excluding Food and Energy sectors (12-mth)

What happened lately

No major activities.

EURUSD Chart by TradingView

What can we expect from EURUSD today?

EURUSD on Mondayย roseย 0.48% to 1.07500. Price is below 9-Day EMA while Stochastic is rising in oversold zone.

Updated daily direction for EURUSD looks bullish as the pair ended higher after Monday trading session.

Looking ahead for the day, immediate upside resistance level is at 1.07697 (R1) while on the downside, we are looking at daily low of 1.07097 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.07594 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 1.08194
R2 1.07894
R1 1.07697
Daily Pivot 1.07397
S1 1.072
S2 1.069
S3 1.06703

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