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 | -0.34% | -36.8 Pips |  |
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| Week to-date | -0.39% | -42.7 Pips | |
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| July | 0.8% | 85.7 Pips |  |
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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 01:00 PM EUR CPI Inflation Rate (12-mth)
Wed 10:00 AM EUR Harmonised Index of Consumer Prices (HICP) (12-mth)
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
What happened lately
No major activities.
What can we expect from EURUSD today?
EURUSD on Monday dropped -0.34% to 1.08210. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for EURUSD looks bearish as the pair posted lower in Monday trading session.
Looking ahead for the day, immediate support level is at S1 1.07923 with break below could see further selling pressure towards S2 at 1.07637. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.08700 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.08025 would indicate selling pressure.
For the week to-date, take note that EURUSD is bearish as the pair posted lower by -0.39%.
Key levels to watch out:
| R3 | 1.09273 |
| R2 | 1.08987 |
| R1 | 1.08598 |
| Daily Pivot | 1.08312 |
| S1 | 1.07923 |
| S2 | 1.07637 |
| S3 | 1.07248 |
