Dear ,
As requested, let’s look at EURUSD and the recent events that happened in the previous trading session.
EURUSD Analysis
Upcoming key events (London Time)
What happened lately
EURUSD Chart by TradingView
What can we expect from EURUSD today? EURUSD on Monday rose 0.12% to 1.12395. Price is above 9-Day EMA while Stochastic is rising in overbought zone. Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.12119 (S1). Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.12488 or trades above daily pivot 1.12304. While to the downside, the daily low of 1.12028 and 1.12119 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.12488 may suggest continuation after recent positive movement.For the week to-date, take note that EURUSD is mixed as compared to prior week. Key levels to watch out:
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Tue 01:30 PM USD Monthly Retail Trade (1-mth)
U.S. New York Empire State Manufacturing Index in July dropped to 1.1 points compared to previous figure 6.6 points in June
