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 | 0.23% | 25.3 Pips |  |
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| Week to-date | 0.23% | 25.3 Pips |  |
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| April | 0.66% | 71.3 Pips | |
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Upcoming key events (London Time)
Tue 09:00 AM EUR Euro area Bank Lending Survey
Wed 01:30 PM USD CPI Inflation Rate (1-mth)
Wed 01:30 PM USD CPI Inflation Rate (12-mth)
Wed 07:00 PM USD FOMC Meeting Minutes
What happened lately
🇩🇪 Germany Industrial Production n.seasonal adjustment. w.d.a. (12-mth) in February improved to -4.9% compared to previous figure -5.5% in January
What can we expect from EURUSD today?
EURUSD on Monday rose 0.23% to 1.08613. 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 1.0876 with break above could target R2 at 1.08907 or figure level area. While towards the downside, we are looking at daily low of 1.08206 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.08630 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 | 1.09184 |
| R2 | 1.08907 |
| R1 | 1.0876 |
| Daily Pivot | 1.08483 |
| S1 | 1.08336 |
| S2 | 1.08059 |
| S3 | 1.07912 |
