EURUSD on Monday rose 0.35% to 1.07967. Pair in consolidation. What we know.

EURUSD on Monday rose 0.35% to 1.07967. Pair in consolidation. What we know.

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

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

EURUSD Chart by TradingView

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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