EURUSD on Monday dropped -0.11% to 1.09266. Pair in consolidation. What we know.

EURUSD Analysis

Performance after Monday
Monday-0.11%-11.5 Pips
Week to-date-0.11%-11.5 Pips
March1.12%121.3 Pips

Upcoming key events (London Time)

Tue 07:00 AM EUR Harmonised Index of Consumer Prices (HICP) (12-mth)
Tue 12:30 PM USD CPI Inflation Rate (12-mth)

What happened lately

No major activities.

Latest from X (Twitter)

What can we expect from EURUSD today?

EURUSD on Monday dropped -0.11% to 1.09266. Price is above 9-Day EMA while Stochastic is falling in overbought zone.

Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.0911 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.09481 or trades above daily pivot 1.09296. Break above could target R1 at 1.09451. While to the downside, we are looking at 1.0911 (S1) and daily low of 1.09140 as support levels. EURUSD need to break on either side to indicate a short-term bias. A close below 1.09140 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 Pivot1.09296

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