Dear ,
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 | -0.08% | -8.7 Pips |  |
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| Week to-date | 0.22% | 23.5 Pips |  |
||
| September | -1.46% | -158.4 Pips | |
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Upcoming key events (London Time)
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 07:00 PM USD FOMC Monetary Policy Statement
Wed 07:00 PM USD FOMC Economic Projections
Wed 07:00 PM USD Interest Rate Projections
Wed 07:30 PM USD FOMC Press Conference
What happened lately
No major activities.
What can we expect from EURUSD today?
EURUSD on Tuesday dropped -0.08% to 1.06831. 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 1.06641 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.07180 or trades above daily pivot 1.0691. Break above could target R1 at 1.07101. While to the downside, we are looking at 1.06641 (S1) and daily low of 1.06720 as support levels. EURUSD need to break on either side to indicate a short-term bias. A close below 1.06720 would indicate selling pressure.
For the week to-date, take note that EURUSD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 1.07561 |
| R2 | 1.0737 |
| R1 | 1.07101 |
| Daily Pivot | 1.0691 |
| S1 | 1.06641 |
| S2 | 1.0645 |
| S3 | 1.06181 |
