EURUSD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | -0.2186% | -25.0 Pips | ▼ |
| Week to-date | -0.2186% | -25.0 Pips | ▼ |
| July | -0.0613% | -7.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Tue 04:00 PM | EUR | HIGH | Euro area Bank Lending Survey |
What can we expect from EURUSD today?
The EURUSD pair closed on a bearish note last week, with a daily performance of -0.2186%, ending at 1.14140. As the new week begins, traders will be watching key technical levels to gauge potential price movements.
📈 Bull Scenario A bullish scenario could unfold if the EURUSD breaks above the daily pivot point of 1.14217. If upward momentum continues, traders should watch for resistance at R1, 1.14414, and further at R2, 1.14687, which could signal a stronger bullish trend. | 📉 Bear Scenario Conversely, a bearish scenario may be triggered if the pair falls below the support level of S1 at 1.13944. Further declines could see the EURUSD testing S2 at 1.13747, reinforcing the bearish outlook for the day and potentially for the week. |
Key levels to watch out:
| R3 | 1.14884 |
| R2 | 1.14687 |
| R1 | 1.14414 |
| Daily Pivot | 1.14217 |
| S1 | 1.13944 |
| S2 | 1.13747 |
| S3 | 1.13474 |