• Sat. Jun 15th, 2024

EURUSD on Monday rose 0.58% to 1.09078. What we know.


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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 0.58% 62.8 Pips
Week to-date 0.58% 62.8 Pips
June 0.58% 62.8 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

No major activities.

What can we expect from EURUSD today?

EURUSD on Monday rose 0.58% to 1.09078. 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 1.09365 with break above could target R2 at 1.09653 or figure level area. While towards the downside, we are looking at daily low of 1.08260 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.09100 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 0.58% over the past few days.

Key levels to watch out:

R3 1.10205
R2 1.09653
R1 1.09365
Daily Pivot 1.08813
S1 1.08525
S2 1.07973
S3 1.07685
On Key

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