EURUSD Analysis
| Performance after Tuesday | |||
| Period | Pct | Chg | Momentum |
| Tuesday | -0.25% | -29.0 Pips | ▼ |
| Week to-date | 0.04% | 5.0 Pips | ▲ |
| July | 0.17% | 19.0 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?
EURUSD closed down 0.25% on Tuesday at 1.14110, with a mixed daily outlook. The pair’s performance for the week remains slightly positive at 0.04%.
📈 Bull Scenario If EURUSD manages to break above the daily pivot at 1.14217, it could target the first resistance level (R1) at 1.14363. A sustained move beyond R1 might see the pair testing the second resistance level (R2) at 1.14617. The price remains above the 9-day EMA, which could support a bullish scenario. | 📉 Bear Scenario A decline below the daily low of 1.14070 could trigger a bearish move towards the first support level (S1) at 1.13963. Further selling pressure might push EURUSD down to the second support level (S2) at 1.13817. The falling stochastic indicator suggests potential for continued downward momentum. |
Key levels to watch out:
| R3 | 1.14763 |
| R2 | 1.14617 |
| R1 | 1.14363 |
| Daily Pivot | 1.14217 |
| S1 | 1.13963 |
| S2 | 1.13817 |
| S3 | 1.13563 |