EURUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | -0.14% | -15.3 Pips |  |
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| Week to-date | -0.14% | -15.3 Pips | |
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| March | 0.61% | 66.3 Pips |  |
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Wed 06:00 PM USD FOMC Monetary Policy Statement Wed 06:00 PM USD FOMC Economic Projections Wed 06:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
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What can we expect from EURUSD today?
EURUSD on Monday dropped -0.14% to 1.08716. Price is below 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 1.08562 with break below could see further selling pressure towards S2 at 1.08409. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.09061 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.08658 would indicate selling pressure.
For the week to-date, take note that EURUSD is bearish as the pair posted lower by -0.14%.
Key levels to watch out:
| R3 | 1.09368 |
| R2 | 1.09215 |
| R1 | 1.08965 |
| Daily Pivot | 1.08812 |
| S1 | 1.08562 |
| S2 | 1.08409 |
| S3 | 1.08159 |
