EURUSD on Monday rose 0.27% to 1.08483. What we know.

EURUSD Analysis

Performance after Monday
PeriodPctChgMomentum
Monday0.27%29.5 Pips
Week to-date0.27%29.5 Pips
February0.28%30.3 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD GDP Annualized

What happened lately

No major activities.

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What can we expect from EURUSD today?

EURUSD on Monday rose 0.27% to 1.08483. Price is above 9-Day EMA while Stochastic is falling.

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 1.08679 with break above could target R2 at 1.08874 or figure level area. While towards the downside, we are looking at daily low of 1.08124 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.08597 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:

R31.09152
R21.08874
R11.08679
Daily Pivot1.08401
S11.08206
S21.07928
S31.07733

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