EURUSD on Monday rose 0.59% to 1.10530. What we know.
|Performance after Monday|
|Week to-date||0.59%||65 Pips|
Upcoming key events (London Time)
Wed 01:30 PM USD Durable Goods Orders
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What happened lately
🇺🇸 Chicago Fed National Activity Index in March unchanged at -0.19 points compared to previous report in February.
EUR ifo Business Climate in April rose to 93.6 points compared to previous figure 93.2 points (revised from 93.3 points). ifo Institute
What can we expect from EURUSD today?
EURUSD on Monday rose 0.59% to 1.10530. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for EURUSD looks bullish as the pair ended higher after Monday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 1.10839 with break above could target R2 at 1.11147 or figure level area. While towards the downside, we are looking at daily low of 1.09650 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.10553 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 0.59% over the past few days.
Key levels to watch out:
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