• Sun. Jul 14th, 2024

EURUSD on Tuesday dropped -0.35% to 1.09657. 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 Tuesday
Period Pct Chg Momentum
Tuesday -0.35% -38.1 Pips
Week to-date -0.47% -51.7 Pips
May -0.44% -48.3 Pips

Upcoming key events (London Time)

Wed 07:00 AM EUR Harmonised Index of Consumer Prices (HICP) (12-mth)
Wed 01:30 PM USD CPI Inflation Rate excluding Food & Energy sectors (1-mth)
Wed 01:30 PM USD CPI Inflation Rate excluding Food & Energy sectors (12-mth)
Thu 01:30 PM USD Initial Unemployment Insurance Claims

What happened lately

No major activities.

EURUSD Chart by TradingView

What can we expect from EURUSD today?

EURUSD on Tuesday dropped -0.35% to 1.09657. Price is below 9-Day EMA while Stochastic is falling.

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 1.09369 (S1) with break below could see further selling pressure towards 1.09081 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.10007 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.09400 would indicate selling pressure.

For the week to-date, take note that EURUSD is mixed as compared to prior week.

Key levels to watch out:

R3 1.10583
R2 1.10295
R1 1.09976
Daily Pivot 1.09688
S1 1.09369
S2 1.09081
S3 1.08762


On Key

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