EURUSD Analysis
| Performance after Wednesday | |||
| Period | Pct | Chg | Momentum |
| Wednesday | -0.59% | -67.0 Pips | ▼ |
| Week to-date | -0.9% | -103.0 Pips | ▼ |
| September | -2.03% | -236.0 Pips | ▼ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from EURUSD today?
EURUSD closed at 1.13800 on Tuesday, marking a daily decline of 0.59%. The pair remains bearish with the price below the 9-day EMA and a weekly performance of -0.9% so far.
📈 Bull Scenario A bullish scenario for EURUSD could emerge if the pair manages to break above the daily pivot at 1.13997. Should the price continue to rise, traders will be watching the resistance levels at R1: 1.14323 and R2: 1.14847. The rising stochastic in the oversold zone may support a potential upward correction. | 📉 Bear Scenario On the downside, a continuation of the bearish trend could be triggered if EURUSD falls below the first support level at S1: 1.13473. Further bearish momentum might drive the pair towards the second support level at S2: 1.13147. The overall bearish outlook and the price remaining below the 9-day EMA suggest a potential for further declines. |
Key levels to watch out:
| R3 | 1.15173 |
| R2 | 1.14847 |
| R1 | 1.14323 |
| Daily Pivot | 1.13997 |
| S1 | 1.13473 |
| S2 | 1.13147 |
| S3 | 1.12623 |