EURUSD on Monday dropped -0.4% to 1.09694. Pair in consolidation. What we know.

Upcoming key events (London Time)

Tue 07:00 AM EUR Retail Trade Turnover (12-mth)
Tue 09:00 AM EUR European Central Bank Bank Lending Survey
Tue 10:00 AM EUR Core Harmonised Index of Consumer Prices (HICP) (12-mth)
Tue 10:00 AM EUR Harmonised Index of Consumer Prices (HICP) (12-mth)
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 07:00 PM USD FOMC Monetary Policy Statement
Wed 07:30 PM USD FOMC Press Conference

What happened lately

No major activities.

EURUSD Chart by TradingView

What can we expect from EURUSD today?

EURUSD on Monday dropped -0.4% to 1.09694. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.09438 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.10355 or trades above daily pivot 1.09896. While to the downside, the daily low of 1.09640 and 1.09438 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A close below 1.09640 would indicate selling pressure.

For the week to-date, take note that EURUSD is mixed as compared to prior week.

Key levels to watch out: