EURUSD on Monday rose 0.55% to 1.07221. What we know.

EURUSD on Monday rose 0.55% to 1.07221. What we know.

Open High Low Close
1.06770 1.07309 1.06290 1.07221

Performance after Monday
Period Pct Chg Momentum
Monday 0.55% 58.2 Pips
Week to-date 0.55% 58.2 Pips
March 1.37% 144.5 Pips

Upcoming key events (London Time)

Wed 06:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 06:00 PM USD FOMC Monetary Policy Statement
Wed 06:30 PM USD FOMC Press Conference

What happened lately

No major activities.

What can we expect from EURUSD today?

EURUSD on Monday rose 0.55% to 1.07221. Price is above 9-Day EMA while Stochastic is rising in neutral zone.

Updated daily direction for EURUSD looks bullish as the pair ended higher after Monday trading session.

Looking ahead for the day, immediate upside resistance level is at 1.0759 (R1) while on the downside, we are looking at daily low of 1.06290 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.07309 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 1.08609
R2 1.07959
R1 1.0759
Daily Pivot 1.0694
S1 1.06571
S2 1.05921
S3 1.05552

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