• Thu. Jan 23rd, 2025
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EURUSD on Monday rose 0.59% to 1.10530. What we know.

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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 0.59% 65 Pips
Week to-date 0.59% 65 Pips
April 1.98% 214.9 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD Durable Goods Orders
Wed 01:30 PM USD Nondefense Capital Goods Orders excluding Aircraft

What happened lately

Chicago Fed National Activity Index in March unchanged at -0.19 points compared to previous report in February.
EUR ifo Business Climate in April rose to 93.6 points compared to previous figure 93.2 points (revised from 93.3 points).

EURUSD Chart by TradingView

What can we expect from EURUSD today?

EURUSD on Monday rose 0.59% to 1.10530. 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 at 1.10839 (R1) while on the downside, we are looking at daily low of 1.09650 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.10553 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 0.59% over the past few days.

Key levels to watch out:

R3 1.11742
R2 1.11147
R1 1.10839
Daily Pivot 1.10244
S1 1.09936
S2 1.09341
S3 1.09033

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