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 | 0.2% | 21.4 Pips |  |
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| Week to-date | 0.2% | 21.4 Pips | |
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| May | 1.14% | 121.8 Pips |  |
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Upcoming key events (London Time)
Tue 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)
Tue 03:00 PM USD Federal Reserve Chair Jerome Powell speech
Wed 10:00 AM EUR GDP (seasonally adjusted) (3-mth)
Wed 10:00 AM EUR GDP (seasonally adjusted) (12-mth)
Wed 01:30 PM USD CPI Inflation Rate (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 0.2% to 1.07908. 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 1.08099 with break above could target R2 at 1.0829 or figure level area. While towards the downside, we are looking at daily low of 1.07655 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.08068 may suggest continuation after recent positive movement.
For the week to-date, take note that EURUSD is bullish as the pair continued to trade higher and is up by 0.2% over the past few days.
Key levels to watch out:
| R3 | 1.08512 |
| R2 | 1.0829 |
| R1 | 1.08099 |
| Daily Pivot | 1.07877 |
| S1 | 1.07686 |
| S2 | 1.07464 |
| S3 | 1.07273 |
