EURUSD Analysis
| Performance after Tuesday | |||
| Period | Pct | Chg | Momentum |
| Tuesday | -0.03% | -4.0 Pips | ▼ |
| Week to-date | -0.44% | -51.0 Pips | ▼ |
| September | -0.59% | -69.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Wed 08:30 PM | USD | HIGH | Monthly Retail Trade (1-mth) |
| Thu 01:00 AM | EUR | HIGH | European Central Bank’s President Christine Lagarde speech |
| Thu 02:00 AM | USD | HIGH | Fed Interest Rate Decision (Federal Funds Rate) |
| Thu 02:00 AM | USD | HIGH | Interest Rate Projections |
What can we expect from EURUSD today?
EURUSD closed slightly lower on Monday, with a daily performance of -0.03%, ending the session at 1.15430. The outlook remains mixed as the pair hovers below its 9-day EMA, while the stochastic indicator is on the rise.
📈 Bull Scenario A bullish scenario could unfold if EURUSD manages to break above the daily high of 1.15560. In this case, traders should watch for resistance at R1, 1.15577, and further at R2, 1.15723, which could signal continued upward momentum. | 📉 Bear Scenario Conversely, a bearish move might be triggered if the pair falls below the daily low of 1.15250. Support levels to monitor include S1 at 1.15267 and S2 at 1.15103, which could indicate further downside pressure in alignment with the weekly bearish outlook. |
Key levels to watch out:
| R3 | 1.15887 |
| R2 | 1.15723 |
| R1 | 1.15577 |
| Daily Pivot | 1.15413 |
| S1 | 1.15267 |
| S2 | 1.15103 |
| S3 | 1.14957 |