EURUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.49% -54.4 Pips
Week to-date -0.49% -54.4 Pips
September -0.39% -43.4 Pips
Upcoming key events (London Time)

Tue 07:00 AM EUR Harmonised Index of Consumer Prices (HICP) (12-mth)| Aug
Wed 02:00 AM USD Second 2024 United States presidential debate
Wed 01:30 PM USD CPI Inflation Rate (12-mth)

What happened lately

No major activities.

What can we expect from EURUSD today?

EURUSD on Monday dropped -0.49% to 1.10370. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for EURUSD looks bearish as the pair posted lower in Monday trading session.

Looking ahead for the day, immediate support level is at S1 1.10163 with break below could see further selling pressure towards S2 at 1.09956. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.10911 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.10330 would indicate selling pressure.