EURUSD on Tuesday rose 0.39% to 1.08385. What we know.

EURUSD on Tuesday rose 0.39% to 1.08385. What we know.

EURUSD Analysis

Performance after Tuesday
Period Pct Chg Momentum
Tuesday 0.39% 41.8 Pips
Week to-date 0.74% 79.7 Pips
March 2.49% 263.5 Pips

Upcoming key events (London Time)

Thu 01:00 PM EUR Harmonised Index of Consumer Prices (HICP) (12-mth) | Mar flash
Thu 01:30 PM USD GDP Annualized | Q4

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 4-hour Chart by TradingView

What can we expect from EURUSD today?

EURUSD on Tuesday rose 0.39% to 1.08385. Price is above 9-Day EMA while Stochastic is falling.

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

Looking ahead for the day, immediate upside resistance level is at 1.08573 (R1) while on the downside, we are looking at daily low of 1.08020 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.08485 may suggest continuation 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 1.09038
R2 1.08762
R1 1.08573
Daily Pivot 1.08297
S1 1.08108
S2 1.07832
S3 1.07643

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