• Fri. Feb 23rd, 2024

EURUSD on Monday rose 0.18% to 1.09566. Winners and losers.

Marrket Research

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 0.18% 19.9 Pips
Week to-date 0.18% 19.9 Pips
November 3.61% 382.2 Pips

Upcoming key events (London Time)

  Tue 04:00 PM EUR European Central Bank’s President Christine Lagarde speech
  Wed 01:00 PM EUR CPI Inflation Rate (12-mth)
  Wed 01:00 PM EUR Harmonised Index of Consumer Prices (HICP) (12-mth)
  Wed 01:30 PM USD GDP Annualized

What happened lately

 🇺🇸 U.S. New-Home Sales Change (1-mth) in October below forecast and dropped to -5.6% compared to previous figure 8.6, revised from 12.3% in September


What can we expect from EURUSD today?

EURUSD on Monday rose 0.18% to 1.09566. Price is above 9-Day EMA while Stochastic is rising.

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 1.09691 with break above could target R2 at 1.09816 or figure level area. While towards the downside, we are looking at daily low of 1.09247 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.09594 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 1.10038
R2 1.09816
R1 1.09691
Daily Pivot 1.09469
S1 1.09344
S2 1.09122
S3 1.08997

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