EURUSD on Monday dropped -0.45% to 1.11100. What we know.

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	-0.45%	-50.7 Pips
Week to-date	-0.5%	-55.9 Pips
September	0.27%	29.4 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

On Monday, the EURUSD currency pair experienced a decline of 0.45%, settling at 1.11100. This drop occurred in the absence of any significant economic news or upcoming events for the day. Market participants might have reacted to broader geopolitical or macroeconomic factors, or engaged in technical trading activities that influenced the currency pair’s movement.

Since there are no major economic events scheduled, traders and investors do not have fresh data or announcements to consider. This lack of new information can lead to consolidation or cautionary trading. In such an environment, the EURUSD may continue to experience modest volatility driven by market sentiment, investor positioning, and external factors such as changes in risk appetite or geopolitical developments.

What can we expect from EURUSD today?

EURUSD on Monday dropped -0.45% to 1.11100. Price is below 9-Day EMA while Stochastic is falling.

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 1.10729 with break below could see further selling pressure towards S2 at 1.10357. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.11672 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.10829 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: