EURUSD on Monday dropped -0.36% to 1.09046. What we know.
|Performance after Monday|
|Week to-date||-0.36%||-39 Pips|
Upcoming key events (London Time)
Tue 01:30 PM USD Monthly Retail Trade (1-mth)
Wed 10:00 AM EUR GDP (seasonally adjusted) (3-mth)
Wed 10:00 AM EUR GDP (seasonally adjusted) (12-mth)
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 -0.36% to 1.09046. Price is below 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 1.0866 with break below could see further selling pressure towards S2 at 1.08274. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.09602 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.08745 would indicate selling pressure.
For the week to-date, take note that EURUSD is bearish as the pair posted lower by -0.36%.
Key levels to watch out:
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