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 | 0.34% | 36 Pips |  |
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| Week to-date | 0.35% | 37.2 Pips |  |
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| June | -0.96% | -104.2 Pips |  |
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Upcoming key events (London Time)
Wed 09:30 PM USD Bank Stress Test Results
What happened lately
🇩🇪 Germany ifo Current Assessment in June unchanged at 88.3 points compared to previous report in May. Source: ifo Institute
🇩🇪 Germany ifo Business Climate in June dropped to 88.6 points compared to previous figure 89.3 points in May Source: ifo Institute
What can we expect from EURUSD today?
EURUSD on Monday rose 0.34% to 1.07312. Price is below 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 1.07573 with break above could target R2 at 1.07835 or figure level area. While towards the downside, we are looking at daily low of 1.06834 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.07465 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 | 1.08204 |
| R2 | 1.07835 |
| R1 | 1.07573 |
| Daily Pivot | 1.07204 |
| S1 | 1.06942 |
| S2 | 1.06573 |
| S3 | 1.06311 |
