EURUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | -0.11% | -12 Pips |  |
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| Week to-date | -0.14% | -15.4 Pips | |
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| July | -0.14% | -15.4 Pips | |
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Upcoming key events (London Time)
Tue 10:00 AM EUR Harmonized Index of Consumer Prices (HICP) (1-mth) Tue 10:00 AM EUR Harmonised Index of Consumer Prices (HICP) (12-mth)
Tue 02:30 PM USD Federal Reserve Chair Jerome Powell speech Tue 02:30 PM EUR European Central Bank’s President Christine Lagarde speech Wed 07:00 PM USD FOMC Meeting Minutes
What happened lately
🇩🇪 Germany Harmonized Index of Consumer Prices (1-mth) in June flash estimate unchanged at 0.2% compared to previous report in May. 🇩🇪 Germany CPI Inflation Rate (1-mth) in June flash estimate unchanged at 0.1% compared to previous report in May.
Latest from X (Twitter)
What can we expect from EURUSD today?
EURUSD on Monday dropped -0.11% to 1.07361. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.07116 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.07765 or trades above daily pivot 1.0744. Break above could target R1 at 1.07686. While to the downside, we are looking at 1.07116 (S1) and daily low of 1.07195 as support levels. EURUSD need to break on either side to indicate a short-term bias. A close below 1.07195 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 | 1.08256 |
| R2 | 1.0801 |
| R1 | 1.07686 |
| Daily Pivot | 1.0744 |
| S1 | 1.07116 |
| S2 | 1.0687 |
| S3 | 1.06546 |
