Dear ,
As requested, let’s look at EURUSD and the recent events that happened in the previous trading session.
EURUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.24% | -26.8 Pips |  |
||
| Week to-date | 0% | 0.2 Pips |  |
||
| September | -0.32% | -35.4 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 Tuesday dropped -0.24% to 1.10450. Price is below 9-Day EMA while Stochastic is falling in oversold zone.
Updated daily direction for EURUSD looks bearish as the pair posted lower in Tuesday trading session.
Looking ahead for the day, immediate support level is at S1 1.10239 with break below could see further selling pressure towards S2 at 1.10028. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.10703 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.10260 would indicate selling pressure.
For the week to-date, take note that EURUSD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 1.11125 |
| R2 | 1.10914 |
| R1 | 1.10682 |
| Daily Pivot | 1.10471 |
| S1 | 1.10239 |
| S2 | 1.10028 |
| S3 | 1.09796 |
