- EUR/USD has already entered the pre-ECB lull, trading in a consolidative fashion around the 1.1040/50 area.
- Nothing is expected to happen before the ECB event on Thursday. On a dovish surprise, spot is seen returning to sub-1.10 region and testing YTD lows near 1.0920.
- On the other hand, a potential disappointment from the ECB could see the pair testing last week’s tops in the 1.1080 region and paving the way for a probable challenge to the resistance line at 1.1122 ahead of late August peaks around 1.1160.
EUR/USD daily chart
|Today last price||1.1042|
|Today Daily Change||23|
|Today Daily Change %||-0.05|
|Today daily open||1.1047|
|Previous Daily High||1.1068|
|Previous Daily Low||1.1016|
|Previous Weekly High||1.1085|
|Previous Weekly Low||1.0926|
|Previous Monthly High||1.1251|
|Previous Monthly Low||1.0962|
|Daily Fibonacci 38.2%||1.1048|
|Daily Fibonacci 61.8%||1.1036|
|Daily Pivot Point S1||1.1019|
|Daily Pivot Point S2||1.0991|
|Daily Pivot Point S3||1.0967|
|Daily Pivot Point R1||1.1072|
|Daily Pivot Point R2||1.1096|
|Daily Pivot Point R3||1.1124|
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