EURUSD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | -0.18% | -21.0 Pips | ▼ |
| Week to-date | -0.99% | -115.0 Pips | ▼ |
| September | -1.14% | -133.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Tue 08:00 PM | EUR | HIGH | European Central Bank’s President Christine Lagarde speech |
What can we expect from EURUSD today?
The EURUSD pair closed Monday with a slight decline of 0.18%, settling at 1.14620. The daily outlook remains mixed, with the pair trading below the 9-day EMA and the stochastic indicator in the oversold zone.
📈 Bull Scenario A bullish scenario for EURUSD could unfold if the pair manages to break above the daily pivot point at 1.14727. Further upward momentum might target the first resistance level (R1) at 1.14843, with a potential extension to the second resistance level (R2) at 1.15067 if buying pressure persists. | 📉 Bear Scenario On the downside, a bearish move could be triggered if the EURUSD falls below the first support level (S1) at 1.14503. Continued selling pressure might push the pair towards the second support level (S2) at 1.14387, aligning with the overall bearish weekly outlook. |
Key levels to watch out:
| R3 | 1.15183 |
| R2 | 1.15067 |
| R1 | 1.14843 |
| Daily Pivot | 1.14727 |
| S1 | 1.14503 |
| S2 | 1.14387 |
| S3 | 1.14163 |