EURUSD on Monday dropped -0.11% to 1.06271. Pair in consolidation. What we know.

EURUSD on Monday dropped -0.11% to 1.06271. Pair in consolidation. What we know.

EURUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.11% -11.4 Pips
Week to-date -0.11% -11.4 Pips
April -1.51% -162.9 Pips

Upcoming key events (London Time)

Tue 06:15 PM USD Federal Reserve Chair Jerome Powell speech

What happened lately

🇺🇸 U.S. New York Empire State Manufacturing Index in April improved to -14.3 points compared to previous figure -20.9 points in March
🇺🇸 U.S. Monthly Retail Trade (1-mth) in March dropped to 0.7% compared to previous figure 0.9, revised from 0.6% in February Source: Census Bureau

Latest from X (Twitter)

What can we expect from EURUSD today?

EURUSD on Monday dropped -0.11% to 1.06271. Price is below 9-Day EMA while Stochastic is falling in oversold zone.

Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.06097 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.06652 or trades above daily pivot 1.06374. Break above could target R1 at 1.06549. While to the downside, we are looking at 1.06097 (S1) and daily low of 1.06200 as support levels. EURUSD need to break on either side to indicate a short-term bias. A close below 1.06200 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:

R3 1.07001
R2 1.06826
R1 1.06549
Daily Pivot 1.06374
S1 1.06097
S2 1.05922
S3 1.05645

Leave a Reply

Your email address will not be published. Required fields are marked *