EURUSD Analysis
| Performance after Tuesday | |||
| Period | Pct | Chg | Momentum |
| Tuesday | -0.13% | -15.0 Pips | ▼ |
| Week to-date | -0.31% | -36.0 Pips | ▼ |
| September | -1.45% | -169.0 Pips | ▼ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from EURUSD today?
The EURUSD pair closed Monday with a slight decline of 0.13%, settling at 1.14470. The daily outlook remains bearish, with the price trading below the 9-day EMA and the stochastic indicator falling in the oversold zone.
📈 Bull Scenario A bullish scenario for EURUSD could be triggered if the pair manages to break above the daily pivot at 1.1451. If buying momentum continues, traders should watch for resistance at R1, 1.1474, and further at R2, 1.1501, which could indicate a reversal of the current bearish trend. | 📉 Bear Scenario On the downside, a continuation of the bearish trend could see EURUSD testing the support level at S1, 1.1424. Should the pair break below this level, the next support to watch would be S2, 1.1401, which could signal further weakness in the pair. |
Key levels to watch out:
| R3 | 1.1524 |
| R2 | 1.1501 |
| R1 | 1.1474 |
| Daily Pivot | 1.1451 |
| S1 | 1.1424 |
| S2 | 1.1401 |
| S3 | 1.1374 |