EURUSD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | 0.1902% | 22.0 Pips | ▲ |
| Week to-date | 0% | 0 Pips | ▼ |
| 0% | 0 Pips | ▼ | |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Wed 08:30 PM | USD | HIGH | Monthly Retail Trade (1-mth) |
| Thu 02:00 AM | USD | HIGH | Fed Interest Rate Decision (Federal Funds Rate) |
What can we expect from EURUSD today?
The EURUSD pair closed at 1.15900 on Monday, marking a slight increase of 0.1902% for the day. The daily outlook remains bullish, with the pair trading above its 9-day EMA.
📈 Bull Scenario A bullish scenario for EURUSD could be triggered if the pair continues to trade above the daily pivot of 1.15927. Traders should watch for a break above the first resistance level (R1) at 1.16194, which could pave the way for further gains towards the second resistance level (R2) at 1.16487. | 📉 Bear Scenario On the downside, a bearish move might occur if the EURUSD falls below the daily pivot of 1.15927. In this case, the first support level (S1) at 1.15634 would be the initial target, with further declines potentially testing the second support level (S2) at 1.15367. |
Key levels to watch out:
| R3 | 1.16754 |
| R2 | 1.16487 |
| R1 | 1.16194 |
| Daily Pivot | 1.15927 |
| S1 | 1.15634 |
| S2 | 1.15367 |
| S3 | 1.15074 |