EURUSD on Monday dropped 0% to 1.09488. Pair in consolidation. What we know.

EURUSD Analysis

Performance after Monday
Monday0%0.5 Pips
Week to-date0%0.5 Pips
January-0.8%-88.6 Pips

Upcoming key events (London Time)

Tue 07:00 AM EUR Harmonised Index of Consumer Prices (HICP) (12-mth)
Wed 01:30 PM USD Monthly Retail Trade (1-mth)

What happened lately

🇪🇺 Euro Area Industrial Production seasonal adjustment. (1-mth) in November improved to -0.3% compared to previous figure -0.7% in October

Latest from X (Twitter)

What can we expect from EURUSD today?

EURUSD on Monday dropped 0% to 1.09488. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.0932 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.09676 or trades above daily pivot 1.09498. Break above could target R1 at 1.09666. While to the downside, we are looking at 1.0932 (S1) and daily low of 1.09330 as support levels. EURUSD need to break on either side to indicate a short-term bias. A close below 1.09330 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:

Daily Pivot1.09498

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