EURUSD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | 0.04% | 5.0 Pips | ▲ |
| Week to-date | 0.46% | 52.0 Pips | ▲ |
| July | 0.12% | 14.0 Pips | ▲ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Thu 02:00 AM | USD | HIGH | FOMC Meeting Minutes |
What can we expect from EURUSD today?
The EURUSD pair closed with a slight gain of 0.04% on Monday, ending the session at 1.14400. The daily outlook remains mixed, with the price trading above the 9-day EMA and a rising stochastic indicator.
📈 Bull Scenario A bullish scenario for EURUSD could unfold if the pair breaks above the immediate resistance level at 1.14533 (R1). Sustained buying pressure might then target the next resistance at 1.14667 (R2). The rising stochastic supports the potential for upward movement, suggesting momentum is in favor of the bulls. | 📉 Bear Scenario Conversely, a bearish scenario may develop if the EURUSD falls below the support level at 1.14173 (S1). A further decline could see the pair testing the next support at 1.13947 (S2). Despite the current position above the 9-day EMA, a downturn in momentum could trigger selling pressure. |
Key levels to watch out:
| R3 | 1.14893 |
| R2 | 1.14667 |
| R1 | 1.14533 |
| Daily Pivot | 1.14307 |
| S1 | 1.14173 |
| S2 | 1.13947 |
| S3 | 1.13813 |