• Sun. Jul 21st, 2024

EURUSD on Tuesday rose 0.34% to 1.09150. What we know

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As requested, let’s look at EURUSD and the recent events that happened in the previous trading session.
EURUSD Analysis

Performance after Tuesday
Period Pct Chg Momentum
Tuesday 0.34% 37.2 Pips
Week to-date 0.12% 13.6 Pips
April 0.71% 76.9 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD CPI Inflation Rate (12-mth) | Mar
Wed 01:30 PM USD CPI Inflation Rate excluding Food & Energy sectors (12-mth) | Mar
Wed 07:00 PM USD FOMC Meeting Minutes
Thu 07:00 AM EUR Harmonised Index of Consumer Prices (HICP) (12-mth) | Mar

What happened lately

No major activities.

EURUSD Chart by TradingView

What can we expect from EURUSD today?

EURUSD on Tuesday rose 0.34% to 1.09150. Price is above 9-Day EMA while Stochastic is falling.

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

Looking ahead for the day, immediate upside resistance level is at 1.094 (R1) while on the downside, we are looking at daily low of 1.08660 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.09280 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 1.1002
R2 1.0965
R1 1.094
Daily Pivot 1.0903
S1 1.0878
S2 1.0841
S3 1.0816

 

On Key

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