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 | 0.1% | 11.4 Pips |  |
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| Week to-date | 0.07% | 7.8 Pips |  |
||
| September | -0.14% | -15.6 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
No major activities.
What can we expect from EURUSD today?
EURUSD on Monday rose 0.1% to 1.10648. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for EURUSD looks bullish as the pair ended higher after Monday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 1.1081 with break above could target R2 at 1.10972 or figure level area. While towards the downside, we are looking at daily low of 1.10416 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.10775 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 | 1.11169 |
| R2 | 1.10972 |
| R1 | 1.1081 |
| Daily Pivot | 1.10613 |
| S1 | 1.10451 |
| S2 | 1.10254 |
| S3 | 1.10092 |
