EURUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.23% | 24.8 Pips |  |
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| Week to-date | 0.23% | 24.8 Pips | |
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| April | -0.68% | -73 Pips |  |
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Upcoming key events (London Time)
Tue 10:00 AM EUR GDP (seasonally adjusted) (3-mth) 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)
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
What happened lately
🇩🇪 Germany CPI Inflation Rate (12-mth) in April flash estimate unchanged at 2.2% compared to previous report in March.
Latest from X (Twitter)
What can we expect from EURUSD today?
EURUSD on Monday rose 0.23% to 1.07170. Price is above 9-Day EMA while Stochastic is falling.
Updated daily direction for EURUSD looks mixed as the pair is likely to consolidate above 1.06933 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.07337 or trades above daily pivot 1.07135. Break above could target R1 at 1.07372. While to the downside, we are looking at 1.06933 (S1) and daily low of 1.06898 as support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.07337 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 | 1.07811 |
| R2 | 1.07574 |
| R1 | 1.07372 |
| Daily Pivot | 1.07135 |
| S1 | 1.06933 |
| S2 | 1.06696 |
| S3 | 1.06494 |
