EURUSD on Tuesday rose 0.46% to 1.07680. What we know.

EURUSD on Tuesday rose 0.46% to 1.07680. What we know.

EURUSD Analysis

Open High Low Close
1.07173 1.07886 1.07020 1.07680

Performance after Tuesday
Period Pct Chg Momentum
Tuesday 0.46% 49 Pips
Week to-date 0.83% 89.1 Pips
March 1.8% 190.7 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

📆 🇩🇪 EUR ZEW Survey – Economic Sentiment in March below forecast and dropped to 13 points compared to previous figure 28.1 points in February. Source

EURUSD Chart by TradingView

What can we expect from EURUSD today?

EURUSD on Tuesday rose 0.46% to 1.07680. Price is above 9-Day EMA while Stochastic is rising.

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 1.08037 (R1) while on the downside, we are looking at daily low of 1.07020 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.07886 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 0.83% over the past few days.

Key levels to watch out:

R3 1.08903
R2 1.08395
R1 1.08037
Daily Pivot 1.07529
S1 1.07171
S2 1.06663
S3 1.06305

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