Forex

EURUSD on Monday dropped -0.06% to 1.08901. Pair in consolidation. What we know.

EURUSD on Monday dropped -0.06% to 1.08901. Pair in consolidation. What we know.
EURUSD on Monday dropped -0.06% to 1.08901.  Pair in consolidation. What we know.

EURUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.06% -6.7 Pips
Week to-date -0.07% -7.9 Pips
July 1.44% 154.8 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

No major activities.

Latest from X (Twitter)


What can we expect from EURUSD today?

EURUSD on Monday dropped -0.06% to 1.08901. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.08749 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.09010 or trades above daily pivot 1.08879. Break above could target R1 at 1.09032. While to the downside, we are looking at 1.08749 (S1) and daily low of 1.08727 as support levels. EURUSD need to break on either side to indicate a short-term bias. A close below 1.08727 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 1.09315
R2 1.09162
R1 1.09032
Daily Pivot 1.08879
S1 1.08749
S2 1.08596
S3 1.08466

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