EURUSD on Monday rose 0.04% to 1.07646. Pair in consolidation. What we know.

EURUSD Analysis

Performance after Monday
Monday0.04%3.8 Pips
Week to-date0.04%3.8 Pips
December-1.12%-121.5 Pips

Upcoming key events (London Time)

Tue 01:30 PM USD CPI Inflation Rate (12-mth)
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)

What happened lately

No major activities.

Latest from X (Twitter)

What can we expect from EURUSD today?

EURUSD on Monday rose 0.04% to 1.07646. Price is below 9-Day EMA while Stochastic is rising in oversold zone.

Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.07443 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.07790 or trades above daily pivot 1.07617. Break above could target R1 at 1.07819. While to the downside, we are looking at 1.07443 (S1) and daily low of 1.07414 as support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.07790 may suggest continuation after recent positive movement.

For the week to-date, take note that EURUSD is mixed as compared to the prior week.

Key levels to watch out:

Daily Pivot1.07617

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