EURUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.35% | 37.9 Pips |  |
||
| Week to-date | 0.53% | 57 Pips | |
||
| March | 2.28% | 241 Pips |  |
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Upcoming key events (London Time)
No further events
What happened lately
📆 🇩🇪 EUR ifo Current Assessment | Mar in March exceed forecast and rose to 95.4 points compared to previous figure 93.9 points in February. Source
What can we expect from EURUSD today?
EURUSD on Monday rose 0.35% to 1.07967. 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 1.07598 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.08001 or trades above daily pivot 1.07799. While to the downside, the daily low of 1.07430 and 1.07598 (S1) as immediate support levels. EURUSD need to break on either side to indicate a short-term bias. A break above 1.08001 would suggest bullish bias after recent positive movement.
For the week to-date, take note that EURUSD is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
| R3 | 1.0874 |
| R2 | 1.0837 |
| R1 | 1.08169 |
| Daily Pivot | 1.07799 |
| S1 | 1.07598 |
| S2 | 1.07228 |
| S3 | 1.07027 |
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