EURUSD on Monday dropped -0.32% to 1.08670. What we know.
|Performance after Monday|
|Week to-date||-0.32%||-34.4 Pips|
Upcoming key events (London Time)
Tue 10:00 AM EUR Retail Trade Turnover (12-mth) | Mar
Wed 01:30 PM USD CPI Inflation Rate (12-mth) | Mar
Wed 01:30 PM USD CPI Inflation Rate excluding Food & Energy sectors (12-mth) | Mar
Wed 07:00 PM USD FOMC Meeting Minutes
What happened lately
No major activities.
What can we expect from EURUSD today?
EURUSD on Monday dropped -0.32% to 1.08670. Price is neutral near 9-Day EMA while Stochastic is falling.
Updated daily direction for EURUSD looks bearish as the pair posted lower in Monday trading session.
Looking ahead for the day, immediate support level is at S1 1.08256 with break below could see further selling pressure towards S2 at 1.07841. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.09173 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.08300 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:
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