EURUSD on Monday rose 0.59% to 1.0144. Upside optimism ahead. How it happened.

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Monday
Open High Low Close
1.00829 1.02013 1.00770 1.01440

Performance after Monday
Period Pct Chg Momentum
Monday 0.59% 59.7 Pips
Week to-date 0.51% 51.3 Pips
July -3.18% -333.1 Pips

Upcoming key events (London Time)

Tue 09:00 AM EUR ECB Bank Lending Survey

What happened lately

No major activities.


What can we expect from EURUSD today?

EURUSD on Monday rose 0.59% to 1.0144. Price is below 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 1.02045 (R1) while on the downside, we are looking at daily low of 1.0077 as an important support. Break below this level could weaken the current bullish momentum. EURUSD need to break on either side to indicate a short-term bias. A break above 1.0201 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 1.03288
R2 1.02651
R1 1.02045
Daily Pivot 1.01408
S1 1.00802
S2 1.00165
S3 0.99559

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Last updated: 01:31 am UTC, 19-Jul 2022

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