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 | 0.06% | 6.7 Pips |  |
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| Week to-date | 0.05% | 5.5 Pips | |
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| July | 1.5% | 161.1 Pips | |
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Upcoming key events (London Time)
Tue 09:00 AM EUR Euro area Bank Lending Survey
Tue 01:30 PM USD Monthly Retail Trade (1-mth)
What happened lately
🇺🇸 U.S. New York Empire State Manufacturing Index in July dropped to -6.6 points compared to previous figure -6 points in June Source: New York Fed
What can we expect from EURUSD today?
EURUSD on Monday rose 0.06% to 1.08964. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.08788 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.09223 or trades above daily pivot 1.09006. Break above could target R1 at 1.09181. While to the downside, we are looking at 1.08788 (S1) and daily low of 1.08830 as support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.09223 may suggest continuation after recent positive movement.
For the week to-date, take note that EURUSD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 1.09574 |
| R2 | 1.09399 |
| R1 | 1.09181 |
| Daily Pivot | 1.09006 |
| S1 | 1.08788 |
| S2 | 1.08613 |
| S3 | 1.08395 |
