EURUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.27% | 29.1 Pips |  |
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| Week to-date | 0.3% | 32.5 Pips |  |
||
| June | -0.9% | -97.4 Pips |  |
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Upcoming key events (London Time)
Tue 01:30 PM USD Monthly Retail Trade (1-mth)
What happened lately
🇺🇸 U.S. New York Empire State Manufacturing Index in June improved to -6 points compared to previous figure -15.6 points in May
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What can we expect from EURUSD today?
EURUSD on Monday rose 0.27% to 1.07380. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for EURUSD looks bullish as the pair ended higher after Monday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 1.07566 with break above could target R2 at 1.07752 or figure level area. While towards the downside, we are looking at daily low of 1.06862 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.07400 may suggest continuation after recent positive movement.
For the week to-date, take note that EURUSD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 1.08104 |
| R2 | 1.07752 |
| R1 | 1.07566 |
| Daily Pivot | 1.07214 |
| S1 | 1.07028 |
| S2 | 1.06676 |
| S3 | 1.0649 |
