• Mon. May 20th, 2024

EURUSD on Tuesday rose 0.28% to 1.08090. 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 Tuesday
Period Pct Chg Momentum
Tuesday 0.28% 30.5 Pips
Week to-date 0.32% 34.1 Pips
February -0.08% -9 Pips

Upcoming key events (London Time)

  Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

No major activities.


What can we expect from EURUSD today?

EURUSD on Tuesday rose 0.28% to 1.08090. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for EURUSD looks bullish as the pair ended higher after Tuesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 1.08449 with break above could target R2 at 1.08807 or figure level area. While towards the downside, we are looking at daily low of 1.07614 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.08390 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 0.32% over the past few days.

Key levels to watch out:

R3 1.09225
R2 1.08807
R1 1.08449
Daily Pivot 1.08031
S1 1.07673
S2 1.07255
S3 1.06897
On Key

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