EURUSD on Monday dropped -0.32% to 1.08670. What we know.

EURUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	-0.32%	-34.4 Pips
Week to-date	-0.32%	-34.4 Pips
April	0.27%	28.9 Pips

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What happened lately

No major activities.

What can we expect from EURUSD today?

EURUSD on Monday dropped -0.32% to 1.08670. Price is neutral near 9-Day EMA while Stochastic is falling.

Updated daily direction for EURUSD looks bearish as the pair posted lower in Monday trading session.

Looking ahead for the day, immediate support level is at S1 1.08256 with break below could see further selling pressure towards S2 at 1.07841. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.09173 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.08300 would indicate selling pressure.

For the week to-date, take note that EURUSD is mixed as compared to the prior week.

Key levels to watch out:

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