EURUSD on Monday rose 0.82% to 1.07340. Buying interest. What we know.

EURUSD on Monday rose 0.82% to 1.07340. Buying interest. What we know.

Open High Low Close
1.06410 1.07520 1.06410 1.07340

Performance after Monday
Period Pct Chg Momentum
Monday 0.82% 93 Pips
Week to-date 0.82% 93 Pips
March 1.36% 144 Pips

Upcoming key events (London Time)

Tue 12:30 PM USD CPI Inflation Rate excluding Food & Energy sectors (1-mth)
Wed 12:30 PM USD Retail Sales (1-mth)
Wed 12:30 PM USD Retail Control Group

What happened lately

No major activities.

What can we expect from EURUSD today?

EURUSD on Monday rose 0.82% to 1.07340. Price is above 9-Day EMA while Stochastic is rising.

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 1.0777 (R1) while on the downside, we are looking at daily low of 1.06410 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.07520 would suggest bullish bias after recent positive movement.

For the week to-date, take note that EURUSD is bullish as the pair continued to trade higher and is up by 0.82% over the past few days.

Key levels to watch out:

R3 1.0888
R2 1.082
R1 1.0777
Daily Pivot 1.0709
S1 1.0666
S2 1.0598
S3 1.0555

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