EURUSD on Tuesday rose 0.28% to 1.08090. What we know.

EURUSD Analysis

Performance after Tuesday
PeriodPctChgMomentum
Tuesday0.28%30.5 Pips
Week to-date0.32%34.1 Pips
February-0.08%-9 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

No major activities.

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What can we expect from EURUSD today?

EURUSD on Tuesday rose 0.28% to 1.08090. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for EURUSD looks bullish as the pair ended higher after Tuesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 1.08449 with break above could target R2 at 1.08807 or figure level area. While towards the downside, we are looking at daily low of 1.07614 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.08390 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 0.32% over the past few days.

Key levels to watch out:

R31.09225
R21.08807
R11.08449
Daily Pivot1.08031
S11.07673
S21.07255
S31.06897

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