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 | 0.13% | 14 Pips |  |
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| Week to-date | 0.13% | 14 Pips |  |
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| November | 1.18% | 124.4 Pips | |
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Upcoming key events (London Time)
Tue 10:00 AM EUR GDP (seasonally adjusted) (3-mth)
Tue 10:00 AM EUR GDP (seasonally adjusted) (12-mth)
Tue 01:30 PM USD CPI Inflation Rate (1-mth)
Tue 01:30 PM USD CPI Inflation Rate (12-mth)
Wed 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)
Wed 01:30 PM USD Monthly Retail Trade (1-mth)
What happened lately
No major activities.
What can we expect from EURUSD today?
EURUSD on Monday rose 0.13% to 1.06988. Price is above 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 1.0715 with break above could target R2 at 1.07313 or figure level area. While towards the downside, we are looking at daily low of 1.06647 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.07061 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 | 1.07564 |
| R2 | 1.07313 |
| R1 | 1.0715 |
| Daily Pivot | 1.06899 |
| S1 | 1.06736 |
| S2 | 1.06485 |
| S3 | 1.06322 |
